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Naskida is a 41-year-old man from a small village in the Gurjaani district, Kakheti Region, East Georgia. He lives with his brother Aleksandre, who is 45 years old. Because he is an invalid, Aleksandre is provided with a monthly pension from government institutions.
Naskida applied for loans from local financial institutions several times for a family business start-up, but without any success. His loan requests were always rejected, because of his low income and the family’s poor living conditions.
Naskida is involved in agricultural activities. In particular, he has a vineyard and sells the harvested grapes at local markets. Besides that, he has a plot of agricultural land where tomatoes are grown. Naskida also works as a laborer and helps his fellow villagers by doing agricultural work for fees. He is a very hardworking man and does his best to increase his family’s income, but his income is hardly enough to provide food for the family.
According to Credo’s evaluation, the family belongs to the “subsistence poor” category. Naskida requested a loan from Credo to start up a family business. Naskida 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 on soft conditions to rural poor people who do not have access to credit products. These people are regarded as “high risk borrowers” because of their low income. With the credit Naskida will buy calves. As calves are purchased, he will raise them and produce dairy products in the future. This will be an additional source of income for them to buy all the medicine for his brother. 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
  • 41
    View loans »
    Georgia Loans Fundraising
  • $7,800,275
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Naskida to purchase calves to be used to produce dairy products.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jun 25, 2013
Jul 11, 2013
Currency Exchange Loss:
Jan 18, 2014