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George is 58 years old. He lives in the Tskaltubo District with his wife, Makvala. The family grows 100 nut trees and sells the harvested nuts. Also, Makvala frequently travels to Turkey, where she gets temporary paid jobs. The total average monthly income of the family is 250 Laris per month. They live in poverty.

George owns a workshop for producing railings. He stopped operations at the workshop, as he didn’t have funds for purchasing working materials. Currently he has orders for railings. He requested credit for purchasing armature, sand and cement. George will re-start the operations at the workshop and get additional income. The family will be able to combat their poverty.

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
  • 45
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped George to purchase cement, sand and armature for re-starting a construction workshop.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Feb 24, 2012
Feb 29, 2012
Currency Exchange Loss:
Apr 16, 2014