A loan of $1,525 helped to purchase a pig and a milking cow to start a husbandry business.

Gocha's story

Gocha, 54 years old, lives in a small village in the Sachkere District with his wife, two children, daughter-in-law and mother. Gocha works as a truck driver and earns a small monthly income. His wife works as an accountant, and his mother is provided with a retirement pension. According to Credo estimations the family belongs to the subsistence poor category.

Gocha requested a loan from local financial institutions several times for a family business start-up, but without any success. His requests were consistently rejected because of low income and the family’s poor living conditions.

Gocha's request for a loan from Credo to start a family business was approved within the frames of a new joint initiative of Kiva and Credo. The start-up loan program envisages the provision of business start-up and re-start-up loans with soft conditions to the country's rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of low income.

With the loan, Gocha will purchase a pig and a milking cow and start a husbandry business. He will sell piglets in the future. His wife will milk the cow and produce dairy products, which will be sold at local markets. This will increase the family's income. 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