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Goderdzi
Goderdzi is a 67-year-old married man. He lives with his wife, daughter and aunt. His aunt is provided with a retirement pension. Goderdzi is involved in agricultural activities. He has two cows and a vineyard. His wife milks the cows every day and produces cheese to sell. Goderdzi produces wine and sells to local retailers at a good price.

He decided to start a new business and requested a loan. The Start Up program, which is a joint initiative between Kiva and Credo, enables him to get a loan of 1,000 GEL and start trade with clothing. He will purchase clothes form the wholesalers and then sell them among his villagers. This will increase his 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.

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About Georgia

  • $4,600
    Average annual income
  • 88
    View loans »
    Georgia Loans Fundraising
  • $7,568,975
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Goderdzi to begin trade with clothing.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2013
Listed
Oct 3, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 20, 2014