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Rapig is 43 years old. He lives in a small village of Bolnisi District with his wife and mother, who is provided with a retirement pension. Rapig 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 only source of income for the family is from agricultural activities. In particular, they have a 0.8 hectare of agricultural land, where potatoes, maize and cucumbers are grown. They sell the harvested products at local markets at a good price. In addition, his wife trades in clothing. It is hardly enough to feed the family. According to Credo estimations the family belongs to the subsistence poor category.

Rapig requested a loan from Credo to start up a family business. He 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 the 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 the received credit Rapig will purchase milking cows. He plans to start a husbandry business. They will start producing dairy products to sell. This will increase the income of their family. With the increased income they will expand the dairy farm in the future. The new business initiative, financed with the Kiva start-up loan will significantly improve the living conditions of the 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
  • 39
    View loans »
    Georgia Loans Fundraising
  • $8,073,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $4,000 helped Rapig to purchase milking cows.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 26, 2013
Jul 1, 2013
Currency Exchange Loss:
Jul 31, 2013