A loan of $1,850 helped to build a greenhouse and sow tomatoes and greens.

Ramaz's story

Ramaz is 47 years old. He lives in the small village of Terjola District with his wife, two children, daughter-in-law and an infant grandchild. Ramaz requested a loan from local financial institutions several times for 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 from agricultural activities. In particular, they have 4 milk cows, whose milk is used in cheese products. Besides, they have a vineyard with 400 grapevines and a hectare plot of land where different kinds of vegetables are grown. They sell the harvested products and cheese locally. It is hardly enough for food for the family. According to Credo estimations, the family belongs to the subsistence poor category.

Ramaz requested a loan from Credo to start-up a family business. Ramaz 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 Ramaz will build a greenhouse. After the greenhouse is built, they will grow tomatoes and greens there. They will sell the harvested tomatoes and greens at local markets. 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

Lenders and lending teams

Loan details