A loan of $4,000 helped to build a greenhouse.


David's story

David is 50 years old. He lives in a small village in the Tskaltubo District with his wife, two children, grandson, and mother, who is provided with a retirement pension. David requested loans from local financial institutions several times in order to start a family business, without any success. His loan requests were always rejected on the basis of low income and the family’s poor living conditions. David's family is involved in agricultural activities. They have a plot of land, where they grow different kinds of vegetables. David’s son works as an artisan and gets a small monthly income. According to Credo estimations, the family belongs to the "subsistence poor" category. David has requested a loan from Credo to start a family business. He has been approved for a loan within the framework of the new joint initiative of Kiva and Credo. The start-up loan program provides business start-up and restart-up credit with soft conditions to the rural poor, who do not have access to other credit products because they are regarded as “high-risk borrowers.” With his loan, David will build a greenhouse. After the greenhouse is built, he plans to sow vegetables. The harvested vegetables will be sold at local markets, which he hopes will increase the family's income. David anticipates that 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