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Nika is 25 years old and is a farmer from the village of Chumlaki in East Georgia. He lives with his family, including his wife and two children. Nika is the only income provider in the family. His wife is a housewife.

Nika grows peaches on the family-owned land and sells the fruit seasonally. He also owns a tractor and rents it at tiling season. The total average monthly income of the family is 350 GEL, which is hardly enough for a four-member family. According to Credo estimations, Nika’s family belongs in the "vulnerable poor" category.

Nika has decided to start an agricultural business. He has requested credit from Kiva so he can buy calves. He will grow calves and sell them in the summer for a higher price. This will provide additional income to the family, and 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
  • 42
    View loans »
    Georgia Loans Fundraising
  • $8,567,900
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,525 helped Nika to purchase calves.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Jan 9, 2013
Jan 15, 2013
Currency Exchange Loss:
Sep 17, 2013