A loan of $625 helped to start a dairy farm.

Ekaterine's story

Ekaterine, who is 38 years old, lives in the Senaki district with her husband, two school-age sons, and a retired mother. Ekaterine works as a cleaner at the local supermarket and gets a small monthly salary. The family runs a small-scale agricultural business and owns a vineyard and a plot of land where nuts are grown. They produce wine with the grapes and sell it locally.

As the existing income is not enough to cover food and everyday expenses, Ekaterine requested a loan from Credo to start up a dairy farm. Her loan request was approved in the framework of a new joint initiative between Kiva and Credo. The start-up loan program provides for business start-ups and re-start-ups. It has credits with soft conditions for the country's vulnerable poor, who do not have access to credit products because they are regarded as “high risk borrowers” due to low income.

With the received credit, Ekaterine will purchase a milk cow which she will house in an old, empty farm building located in the yard. Ekaterine will work hard on the farm and will sell milk 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