A loan of $1,525 helped to purchase milking cows.

Tariel's story

Tariel is 42 years old. He lives in a small village of Didgori District with his wife and two children. Tariel has requested for a loan from local financial institutions several times for the family business start-up, but without any success. His loan request was rejected every time due to his low income and his family’s poor living conditions.

Tariel works as an artisan at a local building company. His wife works as a nurse at the hospital. They both get a small monthly income. It is hardly enough for food for the family. According to Credo estimations the family belongs to the subsistence poor category.

Tariel has requested a loan from Credo to start a family business. His loan request was approved in the frames of a new joint initiative of Kiva and Credo. Start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to country rural poor, which do not have access to credit products, being regarded as “high risk borrowers” because of low income. With the received credit Tariel will purchase two milking cows which he will use to produce dairy products to sell. This will 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

Lenders and lending teams

Loan details