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Badri is fifty years old. He lives in a small village of Tskaltubo District, West Georgia. Badri lives with his twenty-two-year-old daughter and two grandsons (five and three years old). He is the only income provider of the family. Badri grows greens on a family-owned plot of land; he sells harvested greens in Kutaisi (nearby town). Total average monthly income of the family is 350 Laris. According to Credo calculations the family belongs to the subsistence poor category.

Badri requested credit for the start-up of a new type of agricultural business. His loan request was approved in the framework of a new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-start-up credits with soft conditions to country rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of their low income.

With the received credit Badri will purchase wooden materials, a polyethylene cover and will build the greenhouse. A small part of the credit will also be used to purchase cucumber and tomato seeds. Badri will grow cucumbers and tomatoes throughout the whole year in the greenhouse and will sell harvested products on Kutaisi market. The income of the family will significantly increase and Badri will be able to create better living conditions for his daughter and grandsons. Along with the above-mentioned, in the future the family will have enough income to access regular credit products available on country’s capital market, in case of need.

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
A loan of $2,500 helped Badri to purchase materials to build a greenhouse.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 18, 2012
Apr 29, 2012
Currency Exchange Loss:
May 29, 2012