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Omar is 61 years old, married, from the Khoni District, West Georgia. He lives with his spouse and two school age children. The only source of income for the family is a small monthly salary (nearly $90) earned by Omar who works at the local municipality. He has a small nut garden and sells nuts seasonally. The income from his harvest is modest and insignificant.

Now, Omar is requesting a loan to purchase chicks and start a poultry farm. He will keep them in a hen-coop located in his yard and raise them. After several months Omar will sell the chickens for a good price and invest the funds in the next cycle. The family will have an additional source of income from poultry farming and they will be able to increase their daily spending for necessities. Omar hopes for your generosity.

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
  • 40
    View loans »
    Georgia Loans Fundraising
  • $7,796,600
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $925 helped Omar to start up a poultry farm.
98% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Sep 25, 2013
Oct 24, 2013
Currency Exchange Loss:
Jan 22, 2015