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John is 33 years old. He lives in Kareli District with his wife, two infant children, and his mother and sister. The family runs an agricultural business. In particular, they have a plot of land where tomatoes and cabbages are grown. His sister is a teacher at a local school. All of the family members work hard, but the income is not enough for covering the everyday expenses. So, John decided to start up a new business. He has requested loans from his local financial institutions several times without any success. His loan requests were rejected every time because of low income and the lack of experience in the new job, which is usually demanded by local credit providers. His loan request was approved under a new joint initiative between Kiva and Credo. The start-up loan program provides startup and re-startup credits with soft conditions for country, rural poor who do not have access to credit products since they are regarded as “high-risk borrowers” because of their low income. With the loan, John will build a greenhouse. He will purchase building materials and construct it. John will plant tomatoes and cabbage seeds in his greenhouse and sell the harvested products locally. This will increase his income. The new business initiative, financed with the Kiva startup loan, will significantly improve the living conditions of the family. John awaits your support.

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
  • 39
    View loans »
    Georgia Loans Fundraising
  • $8,091,775
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped John to purchase building materials and build a greenhouse.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Dec 28, 2012
Dec 4, 2012
Currency Exchange Loss:
Jun 17, 2014