Check out some available loans that are similar to this one!
Badri is 21 years old and lives in a small village in the Khoni District of West Georgia. He shares his home with his 72 year old grandmother. Badri works in his house and produces simple wooden furniture – chairs, tables, etc. He likes his job, but doesn’t have the financial resources to buy the wooden materials he needs to produce better quality goods which could be sold in the local market. The main source of the income for the family is a cow that produces milk. Badri’s grandmother makes cheese and sells it in the village. The family also gets social assistance from the local government, as they are estimated to live under the poverty line. The total average monthly income for the family, including social assistance, is 360 Laris. Badri is applying for this loan to buy more wooden materials so he can produce more and better quality furniture to sell in the Khoni Market. This will increase the 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
  • 37
    View loans »
    Georgia Loans Fundraising
  • $7,908,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Badri to buy materials to make wooden furniture.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Feb 20, 2012
Feb 29, 2012
Currency Exchange Loss:
Oct 17, 2013