A loan of $3,100 helped to build a greenhouse.


Goderdzi's story

Goderdzi is 44 years old. He lives in the Ambrolauri District with his mother and three children who go to school. Goderdzi requested a loan from local financial institutions several times for a family business start-up, but without any success. His loan request was rejected all the time because of his low income and his family’s poor living conditions.

The only source of the income for the family is from their agricultural activities. In particular, they have a milking cow, whose milk is used in cheese production. In addition, they have a vineyard and sell wine locally. It is hardly enough to provide food for the family. According to Credo estimations, the family belongs to the subsistence poor category.

Goderdzi requested a loan from Credo to start a family business. His loan request was approved in the frames of the new joint initiative between Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to country rural poor who do not have access to credit products, being regarded as “high risk borrowers” because of their low income. With the received credit, Goderdzi will build a greenhouse. After the greenhouse is built, he will grow cucumbers and tomatoes there to sell at local markets. He will be able to increase the income of the family. The new business initiative, financed with the Kiva Start-up loan, will significantly improve the living conditions of the family.



Loan details


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Loan details