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Ilia is a 56-year-old farmer from the village of Koktauri. He lives with his wife and three children who go to the local school. Ilia has been involved in the agricultural business from early childhood, as his parents were farmers and this is a traditional activity for the family.

He works hard on family-owned agricultural land, growing a variety of fruit and vegetables. In addition, he runs a small dairy farm, milking a cow and producing cheese, which is sold locally. In addition to his agricultural activities, Ilia works as a senior mechanic on marine ships and gets a small monthly salary (approximately 150 USD).

As the family's income is not enough for food and everyday expenses, Ilia decided to start a business breeding fish, for which we sought credit from local financial institutions, however his attempts was unsuccessful because of his poor living conditions. The startup program, which is a joint initiative between Kiva and Credo, enables rural poor and inexperienced people to get a loan for starting or re-starting businesses. His application was approved under the framework of this program to get a loan of 1000 GEL for purchasing young fish.

Ilia will grow the fish in a dam, which he created in his yard, and after a couple of months he will start selling fish. The new business initiative will give Ilia chance to have financial stability and monthly income. Part of the profits will be reinvested in the same business and the other part will be used for his family's well-being.

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
  • 42
    View loans »
    Georgia Loans Fundraising
  • $7,901,050
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Ilia to purchase young fish and start a fish farm.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 9, 2013
Aug 10, 2013
Currency Exchange Loss:
Mar 17, 2014