A loan of $925 helped to purchase calves to raise and resell at a higher price.


Azhdar's story

Azhdar is 35 years old. He lives in the small village of Bolnisi District with his wife and parents.

Azhdar has requested loans from local financial institutions several times for family business start-ups, but without any success. His loan requests were rejected all the time because of low income and the family’s poor living conditions.

The only source of the income for the family is from their agricultural activities. In particular, they have a plot of land, where haricot and wheat 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.

Azhdar requested a loan from Credo to start a family business. Azhdar 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, Azhdar will purchase calves. After purchasing the calves, he will raise them and then resell them at a higher price. This will increase the income of the 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