A loan helped to purchase piglets for resale.

Davit's story

Davit is 40 years old. He lives in a small village in Kaspi District with his mother and brother. His mother is provided with a retirement pension. Davit has requested a loan from local financial institutions several times for family business start-up without any success. His loan requests are rejected all the time because of his low income and the family’s poor living conditions.

Davit works as an artisan in a plastic factory. He produces different kinds of plastic products and earns a small monthly income. It is hardly enough for food for the family. According to Credo estimations, the family belongs to the subsistence poor category.

Davit requested loan from Credo to start-up a family business. Davit 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 restart-up 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.

Davit will purchase piglets with his credit. He plans to raise them and resell them after a few months for a good price. This will increase the income of the family. 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