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Koba
Koba is 28 years old. He lives in the Tskaltubo District with his father and a brother. His brother is a builder and works on special orders to earn a small monthly income. Koba and his father are involved in the agricultural business. Specifically, they have a milk cow and two calves. They produce cheese from the milk and sell it locally. Koba is very hard-working and the type of person who has a great desire to get ahead.

With this loan, Koba will purchase all the building materials for a greenhouse. After the greenhouse is built properly, Koba will grow greens and tomatoes, and harvested products will be sold for a good price. The new business initiative, financed with the Kiva start-up loan, will significantly increase the family income, and all members will improve their living conditions.

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
  • 54
    View loans »
    Georgia Loans Fundraising
  • $7,025,600
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,225 helped Koba to construct a greenhouse.
67% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 2, 2013
Listed
Sep 3, 2013
Currency Exchange Loss:
Possible