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Avtandil is 58 years old and married. He lives with his wife in the Lagodekhi district of East Georgia. His wife is a housekeeper.

Avtandil is involved in agricultural activities. He works hard on family-owned agricultural land, growing cabbages, cucumbers, and eggplants. He always has high-quality products, which he sells to local retailers for a good price.

As the family has only seasonal income, Avtandil decided to start a transportation business. He sought credit among local financial institutions, but his attempts were unsuccessful because he was considered too poor. The start-up program, a joint initiative between Kiva and Credo, enables the rural poor and inexperienced people to get a loan for starting or re-starting businesses.

Avtandil's application was approved under the framework of this program to get a loan of US$ 5,000. He will use the money to purchase a truck to begin his transportation business. He plans to begin trading with fruits and vegetables seasonally. When there's no harvest, especially in winter time, he will get orders to transport cargo to different destinations. So he will use the truck to have stable income.

This will give him the chance to improve his family's living conditions and also to expand his agricultural business with the increased income. The new business initiative will give Avtandil the chance to have financial stability and 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
  • $7,799,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $5,000 helped Avtandil to purchase a truck and begin trading in fruits and vegetables.
Repayment Term
24 months (Additional Information)
Repayment Schedule
Aug 20, 2013
Sep 21, 2013
Currency Exchange Loss:
Oct 21, 2013