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Lasha is 30 years old. He lives in a small village in the Ozurgeti District with his parents.

Lasha has requested several loans from local financial institutions for a family business start-up, but without any success. His loan request has been rejected every time, because of low income and the family’s poor living conditions.

The only source of income for the family is from agricultural activities. Specifically, they have two milking cows, two calves and two pigs. Besides this, they have ten beehives with bee colonies and a plot of agricultural land, where nut trees and maize are grown. They sell the harvested products, like honey and cheese, at the local markets.

Lasha has requested a loan from Credo to start up a family business. Lasha has now been approved for a loan within the framework of the new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and restart-up credits, with soft conditions, to rural poor people, who do not have access to credit products. These rural poor people are regarded as “high risk borrowers” because of their low income.

With his credit, Lasha will purchase a festive tent and all the equipment needed, which can be used at different kinds of events. He will rent it out to the other villagers and generate income.

The new business initiative, financed with the Kiva Start-up loan, will significantly improve the family's 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
  • 43
    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 $2,125 helped Lasha to purchase a festive tent to rent out.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Apr 17, 2013
May 2, 2013
Currency Exchange Loss:
Jul 17, 2014