A loan of $2,500 helped to purchase calves and renovate a shed.

Famadin's story

Famadin is a 43-year-old married man. He lives in the small village of Marneuli district with his wife, Shekhla. The only source of income for their family is from agricultural activities. In particular, they have a greenhouse, where tomatoes are grown. They sell the harvested tomatoes at local markets at a good price.

As the existing income is not enough for his family, Famadin has decided to start his own business. All the financial institutions rejected his loan requests because of his unstable financial condition and lack of experience. After several unsuccessful attempts, Famadin applied to MFO Credo for a loan. His request was approved in the framework of the Start Up program, which is joint initiative with Kiva, permitting the rural poor to start or re-start businesses.

With the loan of $2500, Famadin will purchase calves and feed for them. He will also renovate the shed and as the calves are raised, he plans to resell them at higher price. The Start Up credit will be a great support for the family, as their income will be significantly increased.

Loan details

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Loan details