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Sergo is 34 years old. He is unmarried and lives with his parents and younger sister. Sergo is the only income provider in the family. He has a small greenhouse, where cucumbers and greens are grown. Harvested products are consumed in the family and some surplus is sold on the local market. Total average monthly income of the family is 200 Laris.

Sergo received the loan in the frame of a start-up program. He plans to construct a bigger greenhouse for vegetable growing, most of which will be sold on the local market. It will significantly increase the income of the family. They will be able to improve their living conditions.

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
  • 53
    View loans »
    Georgia Loans Fundraising
  • $8,637,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Sergo to purchase materials for greenhouse construction.
100% repaid
Repayment Term
36 months (Additional Information)
Repayment Schedule
Jan 23, 2012
Jan 24, 2012
Currency Exchange Loss:
Jan 15, 2013