Check out some available loans that are similar to this one!
Rusudan is 46 years old. She lives in the Tskaltubo District with her husband Badri and their two sons (17 and 22 years old). The younger son attends the village school and the elder works in construction. Rusudan and Badri run a small-scale agricultural business, which, along with the elder son’s salary, is the family’s source of income. They earn an average total of 400 Laris a month. It is not enough for a four-member family to sustain normal living conditions. According to Credo’s estimate, the family falls into the “vulnerable poor” category.

Rusudan and Badri have 2 milking cows, and also produce cheese. Part of the cheese is consumed by the family and the rest is sold in the village. Rusudan has requested loans from local financial institutions several times to start another agricultural business, but without any success. Her loan requests were always rejected because of her family’s low income and poor living conditions.

Rusudan then requested a loan from Credo to start a new business. Her loan request was approved within the framework of a new joint initiative between Kiva and Credo. This start-up loan program provides credit to the rural poor who do not have access to it, being regarded as “high risk borrowers” because of their low income. With the loan Rusudan will purchase a tractor to provide seasonal agricultural services to local farmers, for which she will charge a service fee. This new business initiative will double the family’s income and enable them 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
  • 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 $2,500 helped Rusudan to purchase a tractor.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jul 27, 2012
Aug 19, 2012
Currency Exchange Loss:
Oct 17, 2013