A loan of $500 helped to purchase pigs for starting an animal husbandry business.


Rezo's story

Rezo is 48 years old and lives in the Akhmeta district with his wife, son and a daughter-in-law. Rezo has requested several previous loans from local financial institutions for his family business start-up but without success. His loan requests have been rejected many times because of his low income and his family’s poor living conditions. The only income source for the family is the small amount earned by Rezo working as an artisan locally. Rezo is requesting a loan from Credo to restart his family business, which he had to stop due to financial problems. He will use his loan to purchase two pregnant pigs for starting an animal husbandry business. He will put the pigs in a shed in the yard and after several months the family will be able to sell the piglets for a good price. Rezo's loan request was approved within the framework of a new joint initiative of Kiva and Credo. This start-up loan program supports the rural poor who do not have access to credit products since they are regarded as “high risk borrowers” due to their low income. Rezo's new business initiative, financed with his Kiva start-up loan, will significantly improve the living conditions of his family.



Loan details


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Loan details