A loan of $1,525 helped to build a greenhouse.

George's story

George is 22 years old. He lives in the small village of Vani District with his parents. George requested a loan from local financial institutions several times for a family business start-up, without any success. His loan request was rejected each time because of low income and the family’s poor living conditions.

The only source of the income for the family is from agricultural activities. Specifically, they have a milking cow whose milk is used in cheese production. In addition, they have a vineyard with 200 grape vines and agricultural land where nut trees are grown. They sell the harvested products and cheese at local markets.

George requested a loan from Credo to start-up a family business. George 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-ups 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, George will build a greenhouse. After the greenhouse is built, he will be able to sow cucumbers, tomatoes, and greens. George will sell the harvested products locally at a good price, increasing the family 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