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Imeda is a 43 years old man. He lives in the Lagodekhi District of Georgia, with his wife and 2 children. Imeda has requested loans from local financial institutions several times for a family business start-up, but without any success. His loan requests were rejected all the time, because of low income and his family’s poor living conditions. The only source of income for the family is from agricultural activities. In particular, they have a vineyard and a plot of land, where maize is grown. They sell the harvested maize and wine locally at a good price. It is hardly enough for the family's food expenses. According to Credo estimations, his family belongs to the subsistence poor category.
Imeda has requested a loan from Credo to start-up a family business. Imeda 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 re-startup 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, Imeda will begin trading with fruits and vegetables. He plans to purchase a stock of fruits and vegetables, which will be transported by his minibus for resale at higher prices. This will help to increase the income of his family. This new business initiative, financed with the Kiva Start-up loan will significantly improve the living conditions of Imeda's 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
  • 37
    View loans »
    Georgia Loans Fundraising
  • $8,073,000
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Imeda to begin trading with fruits and vegetables.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Jun 17, 2013
Jun 22, 2013
Currency Exchange Loss:
Jan 18, 2014