A loan of $1,200 helped to purchase calves to raise and resell.


Badri's story

Badri is 69 years-old. He lives in a small village in Bolnisi District with his wife, son and daughter-in-law. In the past, Badri has requested loans from local financial institutions several times to start-up a family business but without any success. His loan requests have been rejected all the time due to low income and the family’s poor living conditions.

Badri’s wife has a retirement pension and his daughter-in-law works as a teacher at local school. Badri has a plot of agricultural land where cucumbers are grown. He does all the agricultural work to ensure a good harvest. He sells the harvested cucumbers at local markets at a good price. It is hardly enough to provide food for the family. According to Credo estimations the family belongs to the subsistence poor category.

Badri has requested a loan from Credo to start-up a family business. Badri has now been approved for a loan within the framework of the new joint initiative between Kiva and Credo. The start-up loan program envisages the 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 Badri will purchase calves to raise and resell at a higher price. 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