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

Elguja's story

Elguja is a 66-year-old married man. He lives in a small village of Khashuri District with his wife. Elguja works hard on family-owned agricultural land, growing maize and haricot. He always has high quality products which are sold to local retailers for a good price.

As the family has only seasonal income, Elguja decided to start dairy farming and seek for credit among local financial institutions. However, his attempts were unsuccessful because of his poor living conditions. The startup loan program, a joint initiative between Kiva and Credo, enables rural poor and inexperienced people to get a loan for starting or re-starting businesses. Elguja's application was approved under the framework of this program to get a loan of 15,00 GEL. With the received credit, he will purchase a milking cow. His wife will milk the cow to produce dairy products. They will sell dairy products at local markets. The new business initiative will give them chance to have financial stability and a monthly income.

Loan details

Lenders and lending teams

Loan details