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Robert is 44 years old. He lives in Vani District with his 33-year-old wife and two children, who are going to school. The family is living in a special area, populated by persecuted people. Robert requested a loan from local financial institutions several times for a family business start-up, but without any success. His loan request was rejected all the time, because of low income and the family’s poor living conditions.

The main source of income for the family is their agricultural activities. They own a plot of land, where maize is grown. They also have beehives, with bee colonies, and gather honey. The harvested maize and the honey are sold locally at the markets, so Robert can get a small monthly income with which to feed his family.

Recently, Robert requested a loan from Credo to start up a family business. Credo approved his loan request, in the frame of a new joint initiative of Kiva and Credo. The Start-up loan program envisages provision of business start-up and restart-up credit with soft conditions, to rural poor people who do not have access to other credit products, being regarded as “high risk borrowers” because of low income.

With the received credit, Robert will purchase a truck, with which he will start trading in potatoes. He will buy potatoes at the wholesale price, bring them to the capital city, and sell them with the price markup. Robert will use the profit for reinvesting in the same business. This will significantly increase the family income, and they will be able to have better living conditions.

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
  • 37
    View loans »
    Georgia Loans Fundraising
  • $8,073,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,200 helped Robert to purchase a truck with which to begin a new business line, trading in potatoes.
100% repaid
Repayment Term
24 months (Additional Information)
Repayment Schedule
Mar 14, 2013
Mar 22, 2013
Currency Exchange Loss:
Feb 17, 2015