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Levan is 32 years old. He lives in Tskaltubo District with his wife, Tamar, two children (5 and 1 year old) and parents. The family earns a living through agricultural activities. They have a milk cow and grow greens on a family-owned plot of the land. The dairy products are mainly used by the family members and the greens are sold on the local open market.

Levan requested loans from local financial institutions several times for a start-up greenhouse, but without any success. His loan request was rejected all the time, because of low income and the family’s poor living conditions.

The average monthly income of the family is 500 GEL. According to Credo estimations, the family belongs to the subsistence poor category.

Levan requested a loan from Credo to start a greenhouse. His loan request was approved in the frame of new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to the country's rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of low income.

With the received credit Levan will purchase materials for greenhouse construction. He will construct a greenhouse and grow cucumbers, tomatoes and greens during the whole year. It will increase the income of the family and their income won’t have a seasonal character any more. The increased income will allow the family members to improve their living conditions, first of all their two children.

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
  • 42
    View loans »
    Georgia Loans Fundraising
  • $7,901,050
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,825 helped Levan to purchase materials for greenhouse construction.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 16, 2012
Aug 30, 2012
Currency Exchange Loss:
Aug 17, 2013