A loan of $925 helped to purchase a milking cow to start a dairy farm.


Goderdzi's story

Goderdzi is 34 years old. He is single and lives in the Terjola district with his parents. Goderdzi is unemployed at the moment and the only source of income for the family is a small salary earned by Goderdzi’s father, who works as an artisan in spite of his chronic health problems.

However, his father's earnings are not enough to cover the cost of food and everyday expenses. For this reason, Goderdzi decided to start a dairy farm. Goderdzi'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 milking cow. Goderdzi will house 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