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


Agasin's story

Agasin is 31 years old. He lives in Marneuli District with his wife. Agasin requested a loan from local financial institutions several times for a family business start-up, but without any success. His loan request was rejected all the time, because of low income and the family’s poor living conditions. The only source of income for the family is their the agricultural activities. In particular, they have 0.5 hectare of land, where they grow potatoes and tomatoes. They sell the harvested products locally. It is hardly enough to provide food for the family. According to Credo estimations, the family belongs to the subsistence poor category. Agasin requested a loan from Credo to start up a family business. Agasin 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 credit, with soft conditions, to rural poor people who do not have access to other credit products. These rural poor people are regarded as “high risk borrowers” because of their low income. With his credit Agasin will purchase calves. After purchasing calves, he and his wife will raise them and, in the future, they will produce dairy products to sell. This will increase the income of their 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