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Konstantine is 42 years old. He lives in the Tskaltubo district with his wife and mother. Konstantine has requested several previous loans from local financial institutions for his family business start-up without any success. His loan request has been rejected many times because of his low income and his family’s poor living conditions.

The only source of income for the family is the monthly pension from Konstantine’s mother and a small income from a dairy farm. Konstantine has a milk cow, whose milk is used in cheese products. The cheese is sold at the local open market.

Konstantine is requesting a loan from Credo to restart his family business, which he had to stop due to financial problems. He will use his loan to purchase pigs for starting an animal husbandry business. He will put the pigs in a shed in the yard and after several months the family will be able to sell the piglets for a good price.

Konstantine's loan request was approved within the framework of a new joint initiative of Kiva and Credo. This start-up loan program supports the rural poor who do not have access to credit products since they are regarded as “high risk borrowers” due to their low income. Konstantine's new business initiative, financed with his Kiva start-up loan, will significantly improve the living conditions of his family.

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
  • 38
    View loans »
    Georgia Loans Fundraising
  • $7,924,775
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Konstantine to purchase pigs for starting an animal husbandry business.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Oct 25, 2012
Nov 7, 2012
Currency Exchange Loss:
Jun 17, 2014