A loan of $4,000 helped to purchase 40 beehives with bee colonies.


Liana's story

Liana is a 65-year-old retired woman. She lives in Persati village in the Baghdati district with her retired husband, her 41-year-old son, her daughter-in-law and two grandchildren who are going to school. Liana 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 low income and the family’s poor living conditions. The main source of income for the family is from agricultural activities. They have a vineyard. From the harvested grapes Liana’s husband makes wine to sell locally at the markets. They also have 2 pigs and 50 rabbits. From the pigs they sell piglets, and rabbits are sold to the restaurants as a meat. The total family income is rarely enough to cover their monthly expenses. Liana requested a loan from Credo to start up a family business. Her loan request was approved within the framework of a new joint initiative of Kiva and Credo. The Start-up loan program envisages the 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 low income. With the received credit, Liana will purchase 40 beehives with bee colonies. She wants to expand this business, and after selling the honey, part of the profit will be reinvested. Liana will increase the number of bee colonies and produce more honey. Increased income will help her to significantly improve the living conditions of her family.



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Loan details