Funded

Total loan: $3,000
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Zurab

Georgia
Maghlaki, Georgia / Agriculture

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


Zurab's story

Zurab is 32 years old. He lives with his sister and mother in the small village of Baghdati district. His sister works at a local pharmacy in pharmaceutics. His mother receives a pension for invalids from a government institution.

The family runs a husbandry business. In particular, they have a cow and a calf. Zurab's mother milks the cow every day and produces cheese to sell.

As their income is not enough for the family, Zurab had decided to build a greenhouse and to seek credit from local financial institutions. His attempts were unsuccessful because of his poor living conditions.

This startup program, a joint initiative between Kiva and Credo, lends to the rural poor and inexperienced people to start or re-start businesses. Under the framework of this program, Zurab's application was approved for a loan of $3,000 (US). With this credit, Zurab will purchase building materials and build a greenhouse, where he will grow tomatoes and greens.

Zurab is very hardworking and will do his best to have a good harvest. He hopes the business will be profitable, as these products are very highly demanded, even in winter time. This new business initiative will give him a chance at financial stability and a monthly income.



Loan details

Loan length:

27 months
Repayment schedule: Irregularly
Disbursed date: August 19, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo

Lenders and lending teams




Loan details

Loan length:

27 months
Repayment schedule: Irregularly
Disbursed date: August 19, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo