A loan of $3,600 helped to purchase 8 calves to raise and resell at a higher price.


Lili's story

Lili is 45 years old. She lives in a small village of Telavi District, West Georgia with husband and son. Lili requested a loan from local financial institutions several times for a family business start-up, but without any success. Her loan request was rejected all the time, because of her 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 three pigs and a horse. Besides, they have a vineyard and sell grapes locally. It is hardly enough for food for the family. According to Credo estimations the family belongs to the subsistence poor category. Lili requested a loan from Credo to start-up a family business. Her 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 Lili will buy eight calves. After purchasing calves, she plans to raise them and when they are fattened properly she will 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


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Loan details