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Revaz is 55 years old. He lives in the village of Gumati, West Georgia. He lives with his family: wife, Gulnara, and 25-year-old son. The family owns 0.5 hectares of land where maize is grown. He sells harvested maize to local retailers on the open market. The total average monthly income of the family is 500 laris.

Revaz used to run a grocery store in the village. As a result of lack of funding, he closed the store. Now Revaz requested a Kiva loan to restart the store. With the borrowed money, he will purchase grocery products for sale in the store. The family's income will increase. Revaz plans to invest part of their income in agriculture – he plans to grow vegetables on family-owned land instead of maize, as vegetable growing is more profitable. Another part of the income will be used for the family – they will purchase needed household goods to improve their 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
  • 32
    View loans »
    Georgia Loans Fundraising
  • $7,796,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Revaz to purchase grocery products for restarting the village grocery store.
100% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Feb 27, 2012
Feb 29, 2012
Currency Exchange Loss:
Sep 17, 2014