A loan of $1,525 helped to start a livestock trading business by purchasing calves and later raising and re-selling them at higher prices.

Goderdzi's story

Goderdzi is 47 years old. He lives in the small village of Gurjaani District with his wife, son, daughter-in-law and grandson.

On several occasions, Goderdzi requested loans from local financial institutions for a family business start-up, each time without any success. His loan requests were rejected every time because of his low income and his family’s poor living conditions.

Goderdzi works as an artisan and earns a modest monthly income. His wife works locally as a baker. Their earnings provide hardly enough income to purchase food for the family. According to Credo estimates, their family belongs to the subsistence poor category.

Goderdzi requested a loan from Credo for a start-up family business. Goderdzi has now been approved for a loan within the framework of the new joint initiative of Kiva and Credo. The start-up loan program envisions providing business start-up and re-startup credits with lenient 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 incomes.

With the loan proceeds that he is requesting, Goderdzi would like to begin trading livestock. Specifically, he plans to purchase calves, and to raise and re-sell them at higher prices for profits. He believes that such an operation would significantly increase his family's income. And, as a result, he feel that the new business initiative, financed with the Kiva start-up loan, will significantly improve his family's living conditions.

Loan details

Lenders and lending teams

Loan details