A loan of $1,550 helped to purchase chicks for reselling.

Amiran's story

Amiran is 59 years old. He lives in Zestaponi District with his wife, Maro, and his retired mother. Amiran 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.

Amiran has a vineyard and a small plot of agricultural land, where different kinds of vegetables are grown. Harvested products are sold at the local markets. The family's additional income is from Amiran’s and Maro’s monthly salaries. Amiran is a fencing teacher, and he gives private lessons. His wife, Maro, is an accountant.

Amiran requested a loan from Credo to start up a family business. Amiran 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 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, Amiran will purchase chicks. He wants to start a new poultry business and increase the family's monthly income. When the chicks are grown, Amiran will sell them at a higher price and earn a good profit. Part of the profit will be used for reinvesting in the same business and another part for improving the family's livelihood.

Loan details

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Loan details