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Nodar is 58 years old. He is from the Zestaponi district in West Georgia. He lives with his wife and grown son. Nodar’s wife works at the nursery school and earns a small monthly salary. Nodar is a construction worker and he has recently returned from abroad, where he worked on house renovations. At present, he is unemployed and seeking a job; but there is a high unemployment rate in the region among people over 40 and it has become hard for Nodar to find suitable work.

It is for this reason that he has decided to start his own business. He plans to begin trading food products but he needs a van in order to make deliveries. With the loan, Nodar will pay for the van and start buying nuts as it is now harvest season and the prices are low. He will then sell the nuts later in the year with a price mark-up to generate income. He will also sell various fruits and vegetables and work hard to develop his business.

Nodar is a very hardworking man with a great desire to ensure that his family members have good living conditions. He will earn a good income in order to satisfy the daily needs of his 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
  • 44
    View loans »
    Georgia Loans Fundraising
  • $8,094,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $2,800 helped Nodar to purchase a van to use for making product deliveries.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 16, 2013
Oct 23, 2013
Currency Exchange Loss:
Nov 22, 2013