Check out some available loans that are similar to this one!
George
George is a 57-year-old married man. He lives in a small village of the Telavi district with his wife, son, and father. His father is provided with a retirement pension. George is involved in agriculture and grows maize on a 1.5 hectare plot of land. In addition, he has a vineyard and produces wine. George sells his harvested products to local retailers.

George is requesting a 3,200 USD loan to purchase materials to build a greenhouse. The Start Up program, which is a joint initiative with Kiva and Credo, enables him to get his loan. George plans to grow mushrooms in his new greenhouse. His new business initiative will be a great support for his family and improve their 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.

Tags

About Georgia

  • $6,100
    Average annual income
  • 79
    View loans »
    Georgia Loans Fundraising
  • $7,710,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,200 helped George to build a greenhouse.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2013
Listed
Oct 29, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2014