Check out some available loans that are similar to this one!
Temur is 51 years old and lives in the village of Onoghia, West Georgia with his wife Nina. They are Internally Displaced Persons because of a military conflict which erupted in their country in the 1990's. They earn a living by running a small dairy farm where they make cheese which they sell locally. They earn about 400 Laris a month, including a pension for internally displaced persons which they receive from government. According to our data, this family is in the subsistence poor category.

Temur is applying for a loan to buy a mini-bus which he will use to distribute bran and flour, products which many villagers use to make bread and feed their farm animals. He will buy these products wholesale from local farms and sell them to local groceries. He has already negotiated the prices these grocery stores will pay him.

In the future, he would like to diversify his products as a way to increase his family's income and improve its living conditions.

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
  • 40
    View loans »
    Georgia Loans Fundraising
  • $8,091,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,400 helped Temur to purchase a mini-bus which he will use to distribute flour and bran.
100% repaid
Repayment Term
28 months (Additional Information)
Repayment Schedule
Feb 10, 2012
Feb 14, 2012
Currency Exchange Loss:
May 17, 2014