A loan of $2,425 helped to purchase building materials and construct a greenhouse.


Aza's story

Aza is 54 years old. She lives in Tskaltubo District with her husband and a grown son. Aza requested a loan from local financial institutions several times for a family business start-up, but without any success. Her loan request was rejected each time because of low income and the family's poor living conditions. The only source of income for the family is a small agricultural business. They have three milk cows and produce cheese which is sold locally. Their income is hardly enough for food for a three-member family. Aza requested a loan from Credo to start up a family business and build a greenhouse.

Her loan request was approved in the framework of a new joint initiative of Kiva and Credo. The start-up loan program envisages a provision of business start-up and re-startup credits with soft conditions to rural poor, who do not have access to credit products, being regarded as "high risk borrowers" because of low income. With the loan, Aza will purchase all the building materials for the greenhouse. After the greenhouse is built properly, Aza will grow greens and various vegetables. The harvested products will be sold for a good price. The new business initiative, financed with the Kiva start-up loan, will significantly increase the family income and all members will improve their living conditions.



Loan details


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Loan details