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Nodar
Nodar is a 58-year-old married man. He lives with his wife and son in a small village of Lagodekhi district, eastern Georgia. His wife is a housekeeper. Nodar runs an agricultural business. He has land where different types of vegetables are grown to sell. Nodar has always grown high-quality products which are sold at a good price to local retailers. Nodar decided to get involved in an additional business and requested a loan. The start-up program, which is a joint initiative with Kiva and Credo, enables him to get a loan of 2500 Gel. With the received loan he will purchase calves, raise them and sell dairy products in the future. This start-up program will be a great support for his family.

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.

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About Georgia

  • $4,600
    Average annual income
  • 98
    View loans »
    Georgia Loans Fundraising
  • $7,365,125
    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 $1,525 helped Nodar to purchase calves.
71% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2013
Listed
Sep 26, 2013
Currency Exchange Loss:
Possible