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Roman is a 43-year-old married man. He lives with his wife and three sons in a small village of Kobuleti district. His wife is housekeeper. One of his sons is provided with an invalidity pension from the government institutions. It is for a total of 70 Laris per month, which is for the medicines.

Roman works hard on family-owned agricultural land, growing maize, nut trees and mandarin trees. He always has high quality products, which are sold to local retailers for a good price. Roman has a higher level of education, but in the region there is a high unemployment rate, so self-employment helps inhabitants to make living.

Roman decided to start a trading business with a loan but the local credit providers usually demand experience and some stable income from the borrowers. His credit requests were rejected several times, as he was unable to satisfy their requirements. Roman received the credit in the framework of joint initiative of Kiva and Credo – Start-up Program that gives rural poor people the chance to start or re-start businesses.

With the loan of 3,000 GEL he will purchase cement to resell at a higher price. There is high demand for cement in his region and he hopes that the business will be profitable. The start-up credit will be a great support for the family, as their income will be significantly increased. With the increased income Roman will be able to improve the living conditions for his sons.

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
  • 38
    View loans »
    Georgia Loans Fundraising
  • $7,924,775
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD
A loan of $1,825 helped Roman to begin trading cement.
Repayment Term
21 months (Additional Information)
Repayment Schedule
Aug 24, 2013
Sep 16, 2013
Currency Exchange Loss:
Oct 16, 2013