A loan of $1,225 helped to purchase a milking cow.


Gocha's story

Gocha is 52 years old. He lives in the small village of Martvili District with his wife, daughter, parents and aunt. His parents and aunt are provided with a retirement pension. Gocha 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 his low income and his family’s poor living conditions.

The only source of income for the family is from agricultural activities. In particular, they have a pig and 0.8-hectare land, where nut trees are grown. They sell the harvested products locally at a good price. It is hardly enough for food for the family. According to Credo estimations, the family belongs to the subsistence poor category.

Gocha requested a loan from Credo to start a family business. Gocha has now been approved for a loan within the framework of the new joint initiative between 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, Gocha will purchase a milking cow. After purchasing a milking cow, they will be able to produce cheese 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