A loan of $2,150 helped to build a greenhouse and sow vegetables.

Tina's story

Tina is 51 years old. She lives in the small village of Baghdati District with her husband, three children and a daughter-in-law. Tina requested a loan from local financial institutions several times for family business startup, but without any success. Her loan request was rejected every time because of low income and the family’s poor living conditions.

Tina’s son works as a local artisan and gets a small monthly income. Besides that, they are involved in agricultural activities. In particular, they have a pig, three milking cows and a vineyard. They sell the harvested grapes and dairy products at local markets. It is hardly enough on food for the family. According to Credo estimations, the family belongs to the subsistence poor category.

Tina requested a loan from Credo to start a family business. Tina has now been approved for a loan within the framework of the new joint initiative of Kiva and Credo. The startup loan program envisages provision of business startup 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 Tina will build a greenhouse. After the greenhouse is built, she will be able to sow vegetables and sell the harvested vegetables. This will increase the income of their family. The new business initiative, financed with the Kiva startup loan, will significantly improve the living conditions of the family.

Loan details

Lenders and lending teams

Loan details