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Kamandar is from the village of Karajala. He is 44 years old, married, and lives with his wife, son, and daughter-in-law.

The source of income for the family is an agricultural business. In particular, they grow tomatoes, cucumbers, and beans in the greenhouses and sell the harvested products locally. Besides, he has three milk cows and a calf. Kamandar’s wife produces cheese with the milk for selling.

Kamandar has Azerbaijanian origins, but his family has lived in Georgia for a long time. He is a very hard-working man with a strong desire to get more income and ensure his family members better living conditions.

Kamandar has noticed high demand for fish in the market. In response to the local market demand, he has requested credit to finance the costs of cleaning his pond and purchasing local species of fish. Beginning in the spring season, the fish will start to spawn and after a year they can be intensively sold.

Kamandar expects that development of the fish farm will raise the income of the family. Part of the increase in income will be reinvested in the same business, and the other part will be used for improving the living conditions of the 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.


About Georgia

  • $6,100
    Average annual income
  • 41
    View loans »
    Georgia Loans Fundraising
  • $7,896,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $4,600 helped Kamandar to clean his pond and start a fish farm.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Sep 12, 2013
Oct 19, 2013
Currency Exchange Loss:
Nov 17, 2014