A loan of $1,450 helped to purchase calves and build a cattle shed.

Lali's story

Lali is 41 years old. She is married, with two children, and she lives in the village of Zegaani. Lali’s husband works as a tractor driver at the local factory and he gets a small, monthly salary. The family lives below the poverty line and gets small-sized social assistance from the government.

Several times, Lali requested loans from local financial institutions for a family business start-up, but without any success. Her loan requests were rejected all the time because of her low income and her poor living conditions.

Lali requested a loan from Credo to start an agricultural business. Her loan request was approved within the framework of a joint initiative between Kiva and Credo. With the received credit, Lali will build a cattle shed and purchase calves.

After purchasing livestock, she will raise them and sell them in the spring, for a higher price. It will generate an income and the new business initiative, financed with the Kiva start-up loan, will significantly improve her family’s living conditions.

Loan details

Lenders and lending teams

Loan details