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Update on Guliko

This is Guliko's second loan on Kiva, and she is grateful for the financial support she is getting to make progress in life. She had expanded her agribusiness with the loan, and now requested another for building a greenhouse.

Guliko is such hardworking person with great desire to ensure her large family with better style of living. She does everything and promises to pay her loan installments punctually.

Guliko will grow different kinds of greens and vegetables and will sell them for a good price at the local market. To reach that goal, she needs a loan of 2,000 GEL to collect all merchandise and tools for the greenhouse.

Guliko and her family highly rely on the goodwill of the lenders, and will appreciate their support in collecting the needed amount of loan to maintain and develop their agribusiness.

Previous Loan Details

Guliko is 62 years old. She lives in a small village in the Baghdati district with her large family: her husband, daughter, son, daughter-in-law and two grandchildren. Guliko is provided with a retirement pension, and the family runs an agricultural business. In particular, they have a vineya... More from Guliko's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Georgia

  • $6,100
    Average annual income
  • 41
    View loans »
    Georgia Loans Fundraising
  • $7,800,275
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,150 helped Guliko to build a greenhouse.
45% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Apr 22, 2014
May 22, 2014
Currency Exchange Loss: