A loan of $925 helped to purchase calves and to harvest maize.


Vakhtang's story

Vakhtang is 31 years old. He lives in the Gurjaani District with his wife, two daughters and mother.



On several occasions Vakhtang requested loans from local financial institutions for a family business start-up, but without any success. His loan requests were rejected each time because of his low income and the family’s poor living conditions.



The only source of the income for the family is from agricultural activities. In particular, they have a milking cow, whose milk is used in cheese products. They sell cheese locally. In addition, Vakhtang grows fruits and vegetables, but he barely grows enough to feed his family.



Vakhtang requested a loan from Credo to start a business. His loan request was approved as a new joint initiative between Kiva and Credo. With the loan proceeds, Vakhtang would like to purchase calves; after purchasing the calves, he will raise them and fatten them up for future sales. He would also like to use a portion of the loan proceeds to grow maize, which he will sell after the harvest. The Kiva/Credo start-up loan program is designed to provide funding and credit to the country's rural poor, who do not usually have access to credit products because they are regarded as high-risk borrowers due to their low income. Vakhtang is confident that these new business ventures, financed by Kiva/Credo, will enable him to significantly improve his family's living conditions.



Loan details


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Loan details