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Romeo
Romeo is a 37-year-old man. He lives alone in the Bolnisi district. Romeo is currently unemployed and he wants to begin a dairy products business. In Bolnisi district, it is very popular to have animal husbandry businesses and many families have cows and produce dairy products.

Romeo is requesting a 1,200 USD loan to purchase a stock of dairy products to resell in different villages using his minibus. He hopes to purchase dairy products every day. Romeo’s loan is part of the start-up program, which is a joint initiative with Kiva and Credo. His loan will help Romeo to start a business and generate income to receive financial support.

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
  • 78
    View loans »
    Georgia Loans Fundraising
  • $6,884,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $1,200 helped Romeo to purchase dairy products to sell.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2013
Listed
Sep 28, 2013
Currency Exchange Loss:
N/A
Expired:
Oct 28, 2013