A loan of $1,225 helped to purchase piglets and build a shed.


Besik's story

Besik is 41 years old from a small village of Senaki district. He lives with his mother, who is provided with a retirement pension. Besik 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 the family’s poor living conditions.

The only source of income for the family is from agricultural activities. In particular, they have a milking cow and two calves, whose milk is used in cheese production. Besides, they have a plot of agricultural land, where 1200 nut trees and maize are grown.

Besik requested loan from Credo to start-up a family business. His loan request was approved in the framework of a new joint initiative between Kiva and Credo. The start-up loan program envisages provision of business start-up and re-start-up 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 Besik will purchase piglets and build a shed for them. They will raise them and resell them at a higher price. 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