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Guri is 27 years old and single. He is from the village of Nagvazao, West Georgia. Guri's only source of income is his milk cow and he produces an average of 25 kilograms of traditional West-Georgian cheese that he sells in the village. His monthly income does not exceed 200 GEL. Guri has requested loans from local financial institutions several times for a business start-up, but his loan requests have been rejected because of his low income and poor living conditions. Guri is in the subsistence poor category.

Guri is requesting a loan from Credo to start a business trading beef and pork. His loan request was approved under a new joint initiative of Kiva and Credo. This start-up loan program provides business start-up and re-startup credits with soft conditions to rural poor who do not have access to credit products since they are regarded as high risk borrowers.

Guri will use his loan to purchase beef and pork from local farmers at wholesale prices and then sell it at the local open market with a price mark-up. His new business initiative will significantly increase his income. Guri hopes to be able to improve his 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
  • 43
    View loans »
    Georgia Loans Fundraising
  • $7,796,600
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Guri to purchase beef and pork to sell.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jun 23, 2012
Jun 29, 2012
Currency Exchange Loss:
Apr 17, 2013