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Roland lives in the Sagarejo District of East Georgia with his wife and their three children.

To earn a living, Roland works as a driver. He has his own mini-bus, and his monthly salary is the sole source of his family's income.

Roland has requested a loan to start a trading business. His loan would be through a new joint initiative by Kiva and Credo. The start-up loan program envisages providing start-up and restart-up capital, with lenient conditions, to the country's rural poor people, who do not have access to credit products. Such individuals are often regarded as “high-risk borrowers” because of their low income.

Roland will use the loan proceeds to purchase fruits and vegetables from farmers at wholesale prices, and he will later sell such fruits and vegetables in nearby towns for a profit. He expects that the loan proceeds will allow him to increase his family's income and will thereby enable him to improve their living conditions. Moreover, in the future, the family should have enough income to access regular credit products available in the country’s capital market.

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 Roland to start a new trading business by purchasing fruits and vegetables for re-sale purposes.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Dec 15, 2012
Dec 27, 2012
Currency Exchange Loss:
Dec 20, 2013