Check out some available loans that are similar to this one!
Levan
Levan is 29 years old and a married man from Telavi city. He lives with his little child and his wife who works at a micro-finance organization and gets 900 GEL monthly. Levan is a distributor and has a fixed salary monthly. He is an enthusiastic and motivated person, with great desire to start private activities and ensure his family with every needed thing.

Levan has a plan to set up a poultry farm, buying 700 hens and distributing eggs. He has also arranged rooms, scoops and infrastructure for the chickens. Levan has experience in this area of work and he will find it easy to organize this distribution. From the requested loan, he also wants to cultivate mushrooms, buying seeds and growing them in a separate room, which he has also arranged with everything needed. Earlier they were growing mushrooms for family use and according to their good productivity, Levan thinks that this business will be succesfull. The loan will be huge support for this hard-working man.

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

  • $4,600
    Average annual income
  • 84
    View loans »
    Georgia Loans Fundraising
  • $7,202,025
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,025 helped Levan to set up a poultry farm and also cultivate mushrooms.
97% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2013
Listed
Jan 10, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2015