A loan of $3,000 helped to purchase dairy cows and calves.


Eitigar's story

Eitigar is 50 years old. He lives in the Gardabani District with his wife and two children. Eitigar applied for loans from local financial institutions several times, for an agricultural business start-up, but without any success. His loan requests were rejected every time, because of his low income. Eitigar’s economic activity is a farm where various of greens are grown. The family sells the harvest at the capital city’s open market.

Eitigar applied for a loan from Credo to start up a dairy farm. His loan request was approved in the framework of a new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credits on soft conditions to rural poor people who do not have access to credit products. The rural poor do not have access to credit products, as they are regarded as “high risk borrowers” because of their low incomes. With the credit, Eitigar will buy two milk cows and two calves. He will place them in an old empty farm building located in their yard. Eitigar will work hard on the farm. He will produce dairy products and sell them in the village. The new business initiative, financed with the Kiva start-up loan, will significantly increase the income of the family. Their income will double, and the family members will be able to improve their living conditions.



Loan details


Lenders and lending teams




Loan details