A loan of $925 helped to purchase chicks, chicken feed and cages for them.

Levan's story

Levan is 58 years old. He lives in a small village of Dolikauri with his wife, Lamara. Levan 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 the family’s poor living conditions.

The main source of the income for the family is from agricultural activities. The own a vineyard and also have beehives with bee colonies, rabbits and milk cows. The cow are milked every day to produce dairy products. The family also produces honey. All the products are sold at the local markets and the family gets a small monthly income.

Levan requested a loan from Credo to start-up a family business. Levan 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, Levan will purchase chicks, chicken feed and cages for them. He will grow chicks and sell hens at a higher price. With his new business, Levan will expand the agriculture he has and increase the family income. With the increased income, he will be able to look after his wife better and insure better living conditions for her.

Loan details

Lenders and lending teams

Loan details