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Pridon
Pridon is 50 years old, married, and lives with his wife and student son in the Lagodekhi district. Pridon is educated but is involved in agriculture and cultivates land where maize is grown. Pridon’s wife works as an accountant and gets a monthly salary. The couple works hard to provide their son with a good quality of education for progressing in life.

Pridon is requesting a loan from Credo to start an animal husbandry business and generate more income. He will use his loan to purchase pigs and cows. He will put the livestock in a shed in the yard and raise and sell them for a higher price.

Pridon's loan request was approved within the framework of a new joint initiative between Kiva and Credo for the vulnerable poor who do not have access to credit, as they are regarded as “high-risk borrowers” due to their low income.

Pridon's new business initiative, financed with his Kiva start-up loan, will increase the family income, and he will be able to improve their living conditions as well as pay his son’s tuition.

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

  • $4,600
    Average annual income
  • 81
    View loans »
    Georgia Loans Fundraising
  • $6,876,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $5,000 helped Pridon to purchase cows and pigs for an animal husbandry business.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 16, 2013
Listed
Aug 17, 2013
Currency Exchange Loss:
N/A
Expired:
Sep 16, 2013