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Seipula, 47, is a very kind and hard-working man. He lives with his wife and daughter.

Seipula works very hard to grow cucumbers and tomatoes in his greenhouse during spring and summer seasons. His products are of very good quality and he sells them at different markets near his house. Besides growing vegetables himself, Seipula helps other farmers with various agricultural tasks. He works hard from the early morning until the late evening but his income is still not enough to support his family.

In order to tackle his financial difficulties, Seipula is requesting credit from Credo to start a new business. Seipula will use the loan to purchase a big truck to start a transportation business. During his free time he will transport firewood from the forest and sell it to the locals.

His loan request was approved within the framework of a joint initiative between Kiva and Credo. The start-up loan program provides a business with start-up or re-start-up credit at reasonable conditions. The loans are given to the rural poor who do not have access to credit products since they are regarded as “high-risk borrowers” due to their low income.

Seipula is very grateful to Kiva lenders because the support will provide his family with more financial stability and allow him to save for home renovations.

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
  • $8,091,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,500 helped Seipula to purchase a truck to start a transportation service.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jun 19, 2013
Jul 14, 2013
Currency Exchange Loss:
Jan 18, 2014