A loan of $925 helped to purchase calves.


Gumbat's story

Gumbat is a 55-year-old married man. He lives with his wife and son in a small village of the Marneuli district. Gumbat works hard on family-owned agricultural land, growing tomatoes. He always has high quality products, which are sold to local retailers for a good price. As the family has only seasonal income, Gumbat decided to start dairy farming and sought credit among local financial institutions, but his attempts was unsuccessful because of his poor living conditions. The startup program that is a joint initiative between Kiva and Credo, enables 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 1500 Gel for purchasing calves. After the calves are purchased the family will raise them and will start producing dairy products: cheese and yogurt for selling. They will also use the milk products for feeding the family. The new business initiative will give them a chance to have financial stability and monthly income.



Loan details


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Loan details