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Badri, 24, is single and lives with his parents, pensioner grandmother, and married brother with two children. He is a very energetic and enthusiastic young man, working as a cashier operator at the hock-shop. He gets a small monthly income. Badri’s parents work at the local cleaning company for modest wages in return.

Badri wants to generate more income, so he decided to start up a grocery store but found that he didn't have enough money to do so. For this reason, he applied for the credit to MFO Credo, and his loan request was approved under the framework of a startup project. With a loan of 1,500 USD Badri will purchase all the needed building materials to construct a grocery store in his town. After the store is built, Badri’s business partner will purchase basic groceries for starting it up. They will work together and share the received profit. Badri hopes that his business initiative will be lucrative and help his family in covering food and everyday expenses. Badri awaits your generosity.

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
  • $7,896,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $1,500 helped Badri to purchase construction materials for building a store.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 8, 2013
Sep 11, 2013
Currency Exchange Loss:
Oct 11, 2013