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Pridon is a 33-year-old married man. He lives in the small village of Baghdati with his wife, two children, parents, and grandmother. His grandmother is provided with a retirement pension. Pridon has been involved in the agriculture business from early childhood, as his parents are farmers, and this is a traditional activity for the family.

Sadly, for lack of economic resources, and because he had to start working at a very young age, Pridon was unable to study for a professional career. He works hard on family-owned agricultural land growing nut trees. Additionally, he has a vineyard, sells wine, and owns 2 cows. His mother milks the cows every day and produces cheese to sell. They always produce high quality products, which are sold to local retailers for a good price. As the family has only seasonal income, Pridon decided to build a greenhouse and seek credit among local financial institutions. However, his attempts were unsuccessful because of his poor living conditions.

The start-up program, that is a joint initiative between Kiva and Credo, enables the rural poor and inexperienced people to get a loan to start or re-start businesses. His application was approved under the framework of this program to get a loan of 3,000 USD. With the credit, he will purchase building materials and build a greenhouse. He will grow tomatoes and cucumbers. These products are in high demand even in the winter, so a greenhouse can be a profitable business. Pridon is a very hardworking man and he will do his best to generate more income. The new business initiative will give him a chance to have financial stability and a monthly income.

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
  • 44
    View loans »
    Georgia Loans Fundraising
  • $7,796,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $3,000 helped Pridon to build a greenhouse.
89% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Aug 19, 2013
Sep 21, 2013
Currency Exchange Loss: