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Tite, who is 46 years old, lives in a village in the Sachkhere District, which is in West Georgia, with his wife, 18-year-old son, and his retired father. The family owns a plot of land where different kinds of vegetables are grown. Besides this, the family runs a small dairy farm of four milk cows and produces dairy products. In addition, Tite is a mini-bus driver and transports passengers if there are any orders.

Tite has requested a loan to begin a trading business. He will purchase cattle in the villages of his district, transport them with his own car, and sell them at the local open market for a profit. The family's income will significantly increase, and the family members will be able to improve their living conditions. Also, in the future, the family will have enough income to access regular credit products available on the country’s capital market, in case of need.

Tite's loan request was approved within the framework of a new joint initiative between Kiva and Credo. This start-up loan program envisages the provision of business start-up and follow-up loans to the country's rural poor, who do not have access to credit products since they are regarded as “high-risk borrowers” because of low income.

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
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,825 helped Tite to purchase cattle to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 14, 2012
Dec 18, 2012
Currency Exchange Loss:
Jan 18, 2014