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Badri
Badri is 24 years old, single, and lives in Kobuleti District, West Georgia with his brother, sister-in-law, parents, and a nephew. Badri is the only income provider in the family. He is a mini-bus driver, but he is not the owner of the transport. According to Credo estimations, the family belongs to the "subsistence poor" category.

Badri is requesting a loan, which he will use to purchase his own mini-bus. With his mini-bus, he will transport the passengers between Kobuleti and a neighboring district. His loan request was approved in the framework of the new joint initiative between Kiva and Credo. This start-up loan program will provide business start-up and re-startup loans with soft conditions to the country rural poor, who do not have access to credit products and who are regarded as “high risk borrowers” because of their low income. With the loan, the income of the family will increase and they will be able to improve their living conditions. Along with the above-mentioned, the family will have enough income to access regular credit products available on the country’s capital market.

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
  • 32
    View loans »
    Georgia Loans Fundraising
  • $7,796,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Badri to purchase a mini-bus.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 22, 2013
Listed
Jan 22, 2013
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2015