A loan of $4,300 helped to purchase milk cows.


Maia's story

Maia is 28 years old. She lives in Terjola district with her 31-year-old husband Nugzar, her retired parents in-law and two children, 2 and 6. Maia requested a loan from local financial institutions several times for a family business start-up, but she never had any success. Her loan request was rejected every time, because of her family's low income and poor living conditions.

Her family owns a vineyard. With the harvested grapes, they make wine and vodka, which are sold at the local markets. Maia’s husband Nugzar is an artisan. He works on house constructions and renovations for private clients to earn a small monthly salary for his family.

Maia requested loan from Credo to start up a family business. Maia 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 providing business start-up and re-startup credits with soft conditions to rural poor people who do not have access to traditional credit products. These rural poor people are regarded as “high risk borrowers” because of their low income. With this loan, Maia will purchase milk cows. She will be milking the cows every day to produce dairy products. Maia will sell cheese and yogurt at the local markets and among the villagers to earn an additional income for her family, which will help her to improve their living conditions.



Loan details


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Loan details