A loan of $1,225 helped to purchase two milk cows.


Tamaz's story

Tamaz is 61 years old. He lives in Kianeti village, Bolnisi District with his 59-year-old wife Nanuli. Tamaz requested a loan from local financial institutions several times for family business start-up, but without any success. His loan request was rejected all the time, because of low income and the family’s poor living conditions.

The main source of the income for the family is from agricultural activities. In particular, they own a plot of land and a vineyard. Tamaz cultivates the land and plants different kinds of fruit and vegetables. Harvested grapes are used to make vodka and wine. They are sold with the harvested fruits and vegetables at the local markets. The family also has a pig and four piglets. Nanuli is looking after them. Later when piglets are grown they will be sold as meat.

Tamaz requested a loan from Credo to start-up a family business. Tamaz has now been approved for a loan within the framework of the new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to rural poor people, who do not have access to credit products. These rural poor people are regarded as “high risk borrowers” because of their low income.

With his credit Tamaz will purchase two milk cows. They will be milking the cows every day and making dairy products. The products will be sold at the local markets and among the villagers so the family will be able to earn a good profit. Part of the profit will be used for reinvesting in the same field, in order to expand their agricultural business and another part for covering their monthly expenses. 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