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Avtandil
Avtandil is 20 years old and from the small village of Vani district. He lives with his mother and sister. The family is involved in agricultural activities. In particular, they have two cows and a calf. They produce cheese to sell. In addition, they have a plot of agricultural land, where they grow nut trees.

Avtandil decided to start his own business and requested a loan. The Start Up program, which is a joint initiative with Kiva and Credo, enables him to get a loan of $2,000 for purchasing special equipment to repair cars. Avtandil is very motivated to work hard and generate his own income. The Start Up program will be a great support for 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
  • 40
    View loans »
    Georgia Loans Fundraising
  • $7,796,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Avtandil to purchase special equipment and repair cars.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 6, 2013
Listed
Nov 20, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 19, 2015