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Avtandil is a 52-year-old married man. He lives with his wife and son in Marneuli district. Avtandil is actively involved in agricultural activities. In particular, he has 2.4 hectare agricultural land, where maize, cucumbers and tomatoes are grown. He is a very hard-working man and always has high quality produce, which is sold to local retailers at a good price.

Avtandil decided to start up an additional business and requested a loan. The Start Up loan, which is a joint initiative with Kiva and Credo, enables him to get a loan of 1500 Gel for purchasing 10 sheep. When the sheep are purchased, the family will start producing cheese products to sell. This will increase their 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
  • $7,800,275
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Avtandil to purchase 10 sheep.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Sep 26, 2013
Oct 15, 2013
Currency Exchange Loss:
Sep 17, 2014