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Koba lives in the Khobi District. He is 36 years old and lives with his wife, son, two brothers, and parents. According to the government's estimations, the family belongs to the 'vulnerable poor' category and they get monthly social assistance.

The family runs a small-scale, agricultural business. In particular, they have five horses, two pigs, and several turkeys. In addition, they own a plot of land where nuts and maize are grown. Koba sells the harvested products, seasonally.

Several times, Koba has requested loans from local credit providers, but his loan requests are always rejected because of the lack of experience in his new business.

His current loan request was approved within the framework of a new joint initiative between Kiva and Credo. The start-up loan program envisages the provision of business start-up and re-startup credits with soft conditions to the country's rural poor, who do not have access to credit products, being regarded as 'high risk borrowers' because of their low incomes.

With the received credit, Koba will start a trading business in his village. He will purchase, at wholesale prices, hygienic products, such as detergents and soaps, and resell them for a profit. Koba hopes his business will be profitable and he will be able to increase the income for the family. The profit will be reinvested in the same business and Koba will be able to 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
  • 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 $800 helped Koba to start a trading business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Feb 5, 2013
Feb 11, 2013
Currency Exchange Loss:
Nov 18, 2013