A loan of $3,000 helped to build a greenhouse.

Pridon's story

Pridon is a 33-year-old married man. He lives in the small village of Baghdati with his wife, two children, parents, and grandmother. His grandmother is provided with a retirement pension. Pridon has been involved in the agriculture business from early childhood, as his parents are farmers, and this is a traditional activity for the family.

Sadly, for lack of economic resources, and because he had to start working at a very young age, Pridon was unable to study for a professional career. He works hard on family-owned agricultural land growing nut trees. Additionally, he has a vineyard, sells wine, and owns 2 cows. His mother milks the cows every day and produces cheese to sell. They always produce high quality products, which are sold to local retailers for a good price. As the family has only seasonal income, Pridon decided to build a greenhouse and seek credit among local financial institutions. However, his attempts were unsuccessful because of his poor living conditions.

The start-up program, that is a joint initiative between Kiva and Credo, enables the rural poor and inexperienced people to get a loan to start or re-start businesses. His application was approved under the framework of this program to get a loan of 3,000 USD. With the credit, he will purchase building materials and build a greenhouse. He will grow tomatoes and cucumbers. These products are in high demand even in the winter, so a greenhouse can be a profitable business. Pridon is a very hardworking man and he will do his best to generate more income. The new business initiative will give him a chance to have financial stability and a monthly income.

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Loan details