A loan of $1,650 helped to purchase a milk cow.


Zurab's story

Zurab is 42 years old. He lives in a small village, Tsereteli, in Marneuli district, with his 41-year-old wife, Tsiala, and two sons. Zurab 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.

Zurab is an artisan. He is working on construction for private orders. Zurab earns a small monthly salary, which is the only source of the income for the family.

Zurab requested a loan from Credo to start up a family business. He 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-start-up 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, Zurab will purchase a milk cow. Zurab’s wife, Tsiala, will be milking the cow every day to produce dairy products. The family will be selling the products at the local market and among the villagers to earn additional income.

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