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Goar
Goar is a 30-year-old married woman. She lives in a small village of Tsalka district with her husband and three children.

The family is involved in agricultural activities. In particular, they have a plot of agricultural land, where they grow potatoes and cabbages. Goar and her husband work hard, and they always have high-quality products, which are sold to local retailers.

Goar decided to start a family business and requested a loan. The Start Up program, which is a joint initiative with Kiva and Credo, enables her to get a loan of $2,000 for opening a building materials shop. With the received credit, she will purchase a stock of building materials to sell in her shop.

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

  • $4,600
    Average annual income
  • 53
    View loans »
    Georgia Loans Fundraising
  • $6,847,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Goar to open a building materials shop.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 11, 2013
Listed
Nov 11, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 22, 2015