A loan of $925 helped to buy piglets.

George's story

George, 29, lives in Vale District with his 47-year-old mother, Ketevan. He is an artisan, working on construction sites and house renovations for private clients. His monthly salary is small and is the only source of income for the family.

George requested a loan from local financial institutions several times for a family business start-up, but without any success. His loan request was rejected every time because of his low income and the family’s poor living conditions.

George then requested a 1500 GEL start-up loan from Credo. His loan request was approved within the framework of a new joint initiative between Kiva and Credo. This start-up loan program envisions providing start-up and re-startup loans with easy terms to country rural poor who do not have access to credit products, as they are regarded as high-risk borrowers due to low incomes.

George wants to develop his farm, so with his loan he will purchase piglets. Ketevan will look after and raise them. When they are grown, some of the pigs will be sold for their meat, and with some of the profits he will get more piglets. This way he will be able to expand his farming and have a profitable family business.

This new joint initiative between Kiva and Credo will significantly improve the living conditions of George’s family.

Loan details

Lenders and lending teams

Loan details