Funded

Total loan: $1,200
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Vano


A loan of $1,200 helped to purchase four piglets.


Vano's story

Vano is 22 years old. He lives in Anaga village, Sighnagi district with his retired grandparents. Vano requested loans from local financial institutions several times for a family business start-up, but without any success. His loan request was rejected because of low income and the family’s poor living conditions. Vano is a professional car painter. He is working on private orders and earns a small salary. The family receives additional income from Vano’s grandparent’s monthly pensions. Vano requested a loan from Credo to start-up a family business. Vano 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 provisions 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 Vano will purchase four piglets. He will raise them and soon sell them at a higher price at the local markets. This will help him to earn a good profit. Part of the profit he will reinvest to develop his farming. Another part he will use for the family’s well-being. The new business initiative, financed with the Kiva start-up loan will significantly improve the living conditions of the family.



Loan details

Loan length:

12 months
Disbursed date: April 30, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo

Lenders and lending teams



Loan details

Loan length:

12 months
Disbursed date: April 30, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo