A loan of $5,000 helped to purchase five cows, fatten, and sell at a higher price.

Simon's story

Simon is a 29-year-old married man from a small village in the Telavi district, Kakheti region, east Georgia. He lives with his wife, three children, parents, and grandmother. His grandmother is provided with a retirement pension. Simon and his father are working on painting cars from home. This is the only source of income for the family.

Simon decided to request a loan and purchase five cows. He sought credit among local financial institutions, but his attempts were unsuccessful because of his poor living conditions. The start up program that is 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 was approved under the framework of this program to get a loan of $5,000.

With the received credit, he will purchase five cows, fatten them and sell them in the winter at a higher price to increase income.

With increased income, he will provide better living conditions for his children. With support of the start up program, Simon will get an opportunity to be involved in his own business and tackle the financial difficulties.

Loan details

Lenders and lending teams

Loan details