Expired

Total loan: $3,000
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George

Georgia
Shorapani, Georgia / Livestock

A loan of $3,000 helped to purchase sheep and piglets.


George's story

George is 33 years old. He lives in Shorapani village, Zestaponi district with his 32 year old wife, mother and two daughters (8 and 10 years old). George requested loans from local financial institutions several times for family business, but without any success. His loan request was rejected every time, because of low income and family’s poor living conditions.

His family owns a vineyard and a plot of agricultural land, where nut trees are grown. George harvests the products to sell at the local markets and earns a small income for the family. His wife trades clothes with the villagers. Family total income is barely enough to cover their monthly expenses.

George requested a loan from Credo to start-up family business. George has now been approved for a loan within the framework of the new joint initiative of Kiva and Credo. The start-up loan program involves providing 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 George will purchase sheep and piglets. From the sheep George will sell lamb, after raising piglets he will sell them as a meat and this business will bring him a good profit. George will reinvest part of the profit in his agriculture, in order to develop it. Another part he will use for family well being. The new business initiative, financed with the Kiva start-up loans will significantly improve the living conditions of the family.



Loan details

Loan length:

26 months
Disbursed date: June 3, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo
Expired: July 14, 2013

Lenders and lending teams




Loan details

Loan length:

26 months
Disbursed date: June 3, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo
Expired: July 14, 2013