Funded

Total loan: $625
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Ilia

Georgia
Koktauri, Georgia / Farming

A loan of $625 helped to purchase young fish and start a fish farm.


Ilia's story

Ilia is a 56-year-old farmer from the village of Koktauri. He lives with his wife and three children who go to the local school. Ilia has been involved in the agricultural business from early childhood, as his parents were farmers and this is a traditional activity for the family. He works hard on family-owned agricultural land, growing a variety of fruit and vegetables. In addition, he runs a small dairy farm, milking a cow and producing cheese, which is sold locally. In addition to his agricultural activities, Ilia works as a senior mechanic on marine ships and gets a small monthly salary (approximately 150 USD).

As the family's income is not enough for food and everyday expenses, Ilia decided to start a business breeding fish, for which we sought credit from local financial institutions, however his attempts was unsuccessful because of his poor living conditions. The startup program, which is a joint initiative between Kiva and Credo, enables rural poor and inexperienced people to get a loan for starting or re-starting businesses. His application was approved under the framework of this program to get a loan of 1000 GEL for purchasing young fish.

Ilia will grow the fish in a dam, which he created in his yard, and after a couple of months he will start selling fish. The new business initiative will give Ilia chance to have financial stability and monthly income. Part of the profits will be reinvested in the same business and the other part will be used for his family's well-being.



Loan details

Loan length:

14 months
Disbursed date: July 9, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo

Lenders and lending teams




Loan details

Loan length:

14 months
Disbursed date: July 9, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo