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Niazi
Niazi lives in the village of Dashtapa, Marneuli District. He is 35 years old, married and the father of three children. Niazi lives with his retired parents. He is running the agricultural business for the family. He grows maize on the family-owned plot of land and tomatoes in the greenhouse. He sells his harvest among vegetable retailers and earns seasonal income.

He requested credit to purchase sheep and start the farm. He will start selling lambs after several months in a nearby town's open market. The income of the family will increase. In the future, Niazi plans to reinvest part of the income in the sheep-breeding business for its further development. The other part of the increased income will be used to improve the daily living conditions of 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

  • $4,600
    Average annual income
  • 64
    View loans »
    Georgia Loans Fundraising
  • $6,854,250
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,800 helped Niazi to start up a sheep farm.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 27, 2013
Listed
Nov 30, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 25, 2014