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Vladimer, 57 years old, lives in Tskaltubo District with his wife and two children (10 and 24 years old). Vladimer requested a loan from local financial institutions several times for a family business start-up, but had no success. His loan requests were always rejected because of low income and the family’s poor living conditions.

The family's only source of income is their small agricultural business; in particular, Vladimer sows greens and sells them in his village. According to Credo estimations, the family belongs to the subsistence poor category.

Vladimer has requested a loan from Credo to start up a family business. His loan request was approved in the framework of a new joint initiative by Kiva and Credo. The start-up loan program envisages the 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 low income.

Vladimer will use his loan to build a greenhouse. He will purchase building materials and greenhouse cellophane and construct the greenhouse. He will use part of the loan to purchase organic fertilizer. Vladimer will sow different kinds of vegetables and greens. After fertilization and properly done agricultural work, he will get a good harvest. The harvested products will be sold at a good price, which will increase the family's income. The new business initiative, financed with the Kiva start-up loan, will significantly improve the family's living conditions. Vladimer awaits your support.

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
  • 35
    View loans »
    Georgia Loans Fundraising
  • $8,323,400
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Vladimer to build a greenhouse.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 17, 2012
Oct 10, 2012
Currency Exchange Loss:
Apr 16, 2014