A loan of $925 helped to purchase a milk cow.

Zaza's story

Zaza is a 47-year-old husband and father of two who lives in Utsera village in the Oni district of Georgia. He has requested loans from local financial institutions several times for a family business start-up, but without any success. His applications were rejected because of his low income and the family’s poor living conditions.

The only source of income for the family is agricultural activities. They own a plot of land, where they grow potatoes and walnuts to sell at local markets. Their total income is so small that it is rarely enough to cover their monthly expenses.

Zaza has requested a loan from Credo to start a new family business and has now been approved 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 manageable conditions for rural poor people, who do not have access to credit products and are regarded as “high risk borrowers”. With his credit, Zaza plans to buy a milk cow that the family will milk every day and start producing dairy products. These will be sold to fellow villagers and at local markets, together with their other produce. The new business initiative, financed with the Kiva Start-up loan will significantly increase the family income and Zaza will be able to improve their living conditions and ensure a better life for them.

Loan details

Lenders and lending teams

Loan details