A loan of $1,225 helped to purchase calves.


Jimsher's story

Jimsher is 57 years old. He lives in Akhaltsikhe District with his wife and son. Jimsher requested a loan from local financial institutions several times for family business start-up but without any success. His loan requests are rejected all the time because of his low income and the family’s poor living conditions.

The only source of the income for the family is from agricultural activities. In particular, they have a plot of land where different kinds of vegetables are grown. They sell the harvested products locally. It is hardly enough for food for the family. According to Credo estimations, the family belongs to the subsistence poor category.

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

With his credit, Jimsher will purchase calves. After purchasing calves, he will raise them, and after they are grown they will produce dairy products. 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


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Loan details