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Badri is 40 years old, married and lives in the Akhmeta district with his wife and child. Several times he has requested loans from local financial institutions to start a business, but without any success. His request was rejected each time because of his low income and lack of experience in business. Today his family lives on the small income he earns by working in a factory and his wife earns by working at the local hospital.

Badri is requesting a loan from Credo to go into the business of selling clothing. He is making this request in the framework of a new joint initiative between Kiva and Credo. The start-up loan program is dedicated to helping poor people who live in rural areas get start-up loans to improve their life. This program is targeted at "high-risk borrowers” with low incomes who are trying to improve their lives. Badri and his wife will buy clothes for wholesale prices and resell them in their district for a profit. This will mean a lot of hard work for them, but they both believe that this business will be profitable and increase the family's income. He plans to reinvest his profits in the business to help it grow and prosper.

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
  • 36
    View loans »
    Georgia Loans Fundraising
  • $7,796,600
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Badri to buy clothing to sell to his customers.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Dec 25, 2012
Jan 8, 2013
Currency Exchange Loss:
Feb 17, 2014