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George is 53 years old. He lives in the village of Kistauri, East Georgia, with his family: his wife Eteri, two sons (33 and 11 years old), a daughter (13 years old), his daughter-in-law and 4-year-old granddaughter. George works as a shepherd in the village. His monthly salary is 100 Laris. His elder son is a worker in the village. The younger son has health problems and receives a relevant pension from the government. His daughter goes to school. According to the Credo scoring system, George’s family belongs to the vulnerable poor category. Their average monthly income is 320 Laris, including the monthly pension of George’s son.

George requested a loan for re-starting the agricultural business of the family, which was stopped two years ago, because of his son’s health problems. With the credit the family will cultivate the plot of the land and sow maize. They will sell the harvest and receive additional income, which will slightly improve the living conditions of the family. Also a small part of the credit will be used for the renovation of a small part of the house, which is old and without any renovation.

Additional Information

More information about this loan

This loan is part of Credo's startup loan program targeting particularly vulnerable clients who live at the subsistence level and have been unable to obtain credit due to lack of income from an existing business. This program offers them a longer repayment term and an annual interest rate that is 5% lower than the standard interest rate. By funding this loan, you are supporting a program that gives borrowers a second chance to start and grow small businesses. This has the potential to alleviate the effects of poverty, significantly improving borrowers' incomes and their families' quality of life. Learn more about Credo's startup loan program on the Kiva Blog.

About LLC Micro Finance Organization Credo

LLC Credo (Credo) is a microfinance organization in Georgia that provides sustainable credit services to alleviate poverty in rural areas, including business loans, agriculture loans, household loans, crop insurance and more. Kiva lenders’ funds are used to help the organization expand its outreach to even more entrepreneurs, farmers and households in remote areas.

About Georgia

  • $6,100
    Average annual income
  • 38
    View loans »
    Georgia Loans Fundraising
  • $7,807,625
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped George to pay for land cultivation and purchase maize for sowing and to renovate a small part of his house.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jan 28, 2012
Jan 30, 2012
Currency Exchange Loss:
Mar 15, 2013