A loan of $1,575 helped to build a greenhouse.


Elene's story

Elene is 26 years old. She lives in a small village in Tskaltubo District with her husband and two-year-old son. Their only source of income is from their farm. They have two milk cows that provide cheese to sell in the local markets. The money they make is hardly enough for food for the family. According to Credo estimations the family belongs to the subsistence poor category.


Elene requested loans from local financial institutions several times to build a greenhouse, but without any success. Her loan applications were always rejected because of the family’s low income and poor living conditions, typical reasons for those regarded as high-risk borrowers.


Then Elene applied for a 2600 GEL start-up loan from Credo. It was approved within the framework of Credo and Kiva’s new joint initiative. This program provides both initial and successive business loans at more reasonable terms to country rural poor.


With her loan Elene and her husband will build their greenhouse. They will grow greens, cucumbers and tomatoes to sell and so increase their income. Credo’s new business initiative, financed through the assistance of Kiva lenders, will significantly improve the living conditions of Elene’s family.



Loan details


Lenders and lending teams



Loan details