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Ramaz
Ramaz is a 65-year-old married man. He lives in a small village of Tskaltubo district with his wife, son, daughter-in-law and two granddaughters. His wife is a teacher at a local school and gets 300 GEL per month. Ramaz is involved in agricultural activities. In particular, he has a cow and two calves, whose milk is used in making cheese products to sell. Ramaz decided to build a greenhouse and requested a loan. The Start Up program, which is a joint initiative with Kiva and Credo, enables him to get a loan of $3200. With the received credit he will purchase building materials and will build a greenhouse, where he will sow cucumbers and tomatoes to sell. The Start Up program will be a great support for 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.

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About Georgia

  • $6,100
    Average annual income
  • 44
    View loans »
    Georgia Loans Fundraising
  • $7,799,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,200 helped Ramaz to build a greenhouse.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 10, 2013
Listed
Nov 3, 2013
Currency Exchange Loss:
N/A
Ended:
May 17, 2015