A loan of $625 helped to purchase calves.


Dariko's story

Dariko is 54 years old. She is widowed and lives alone in the Lagodekhi district. The only source of income for her is a little social assistance (nearly 36 USD) from the local government, as she lives below the poverty line. Dariko requested loans from local financial institutions several times for a family business start-up, but without any success. Her loan requests were rejected all the time because of her low income and her poor living conditions.

Dariko requested a loan from Credo to start an agricultural business. Her loan request was approved within the frames of a joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to country rural poor, who do not have access to credit products, being regarded as “high-risk borrowers” because of low income. With the received credit, Dariko will purchase two calves. After purchasing livestock, she will raise them and sell them in the spring for a higher price. It will generate an income and the new business initiative financed with the Kiva start-up loan will significantly improve her living conditions.



Loan details


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Loan details