A loan of $1,000 helped to purchase a milk cow to start a dairy farm.


Mikheil's story

Mikheil is 20 years old. He lives in the Gardabani district with his mother and 4-year-old brother. In spite of his young age, Mikheil is the only income provider in the family, working as a daily worker in the local fields. He started working in early childhood and his small seasonal income is a primary income source for his family members. However, his earnings are not enough to cover the cost of food and everyday expenses. For this reason, Mikheil decided to start a dairy farm. Mikheil's loan request was approved as part of a new joint initiative between Kiva and Credo. The start-up loan program provides loans with reasonable terms to start-up businesses. These loans are provided to the country's vulnerable poor, who do not have access to credit products because they are regarded as “high risk borrowers” due to their low incomes. The loan will be used to purchase a milk cow. Mikheil will place the cow in the cattle shed located in his yard and he will sell the milk at the local market. He estimates that the family's income will increase by 150 to 200 GEL, which is a 40- to 50-percent increase. The family's living conditions will significantly improve, enabling them to access regular credit products that are currently available.



Loan details


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Loan details