A loan of $2,800 helped to build a greenhouse.

Robert's story

Robert is 45 years old. He lives in the small village of Baghdati District with his pensioner parents, wife and daughter. Robert 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 his low income and his family’s poor living conditions.

His family is involved in agricultural activities. In particular, they have three milking cows, whose milk is used in cheese products. In addition, they have a vineyard. They pick grapes seasonally and produce wine for selling. It is hardly enough for food for the family. According to Credo estimations, the family belongs to the subsistence poor category.

Robert requested a loan from Credo to start-up a family business. Robert 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, Robert will build a greenhouse. After the greenhouse is built, they will be able to sow different kinds of vegetables there to sell. This will increase the income of their family. 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