A loan of $625 helped to purchase a milk cow.

Lela's story

Lela is 29 years old. She lives in Samtredia District with her husband, retired mother and father. Lela requested a loan from local financial institutions several times for a family business start-up, but without any success. Her loan request was rejected all the time because of her low income and her family’s poor living conditions.

Her family runs an agricultural business. They have a plot of land, where nut and mandarin trees are grown. The harvested products are sold at the local markets. The family's additional income is Lela’s husband’s salary (from working at the local army base) and her mother’s monthly pension.

Lela requested a loan from Credo to start a family business. Lela 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 her credit, Lela will purchase a milk cow. She will milk the cow every day and produce cheese, which will be sold at the local market and Lela will increase the family's 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