A loan of $5,000 helped to build a greenhouse.

George's story

George is 40 years old. He lives with his mother in a small village in the Tskaltubo district.

The family runs an animal husbandry business. Specifically, they have four cows. His mother milks the cows every day and produces cheese for selling. In addition, his mother sells flowers.

Sadly, for lack of economic resources and because he had to start working at a very young age, George was unable to study a professional career. George decided to start his own business, and seek credit among local financial institutions; his attempts were unsuccessful because of his poor living conditions.

The startup program, a joint initiative between Kiva and Credo, enables the rural poor and inexperienced people to get a loan for starting or re-starting businesses. His application for a loan of $5,000 to build a greenhouse was approved under the framework of this program.

He will purchase the building materials, and tomato and cucumber seeds. As the greenhouse is built, he will sow vegetables and will sell the harvest at a good price.

The new business initiative will give him chance to have financial stability and a monthly income.

Loan details

Lenders and lending teams

Loan details