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Ioseb, 24, lives with his sister and parents in a small village in the Gurjaani district of Georgia.

Ioseb is involved in agricultural activities. In particular, he has a vineyard and a plot of agricultural land, where maize and peach trees are grown. The harvested products are sold locally.

Ioseb has decided to start his own trade business and has requested a loan. Credo's startup program, which is a joint initiative with Kiva, enables him to get a loan of 1,600 Georgian laris to purchase a stock of vegetables to sell.

This investment will enable him to increase his family's income. With the increased income, he will be able to improve the family's living conditions.

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
  • 41
    View loans »
    Georgia Loans Fundraising
  • $7,896,375
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Ioseb to trade in vegetables.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Aug 30, 2013
Oct 6, 2013
Currency Exchange Loss:
Mar 17, 2014