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Sulkhan, age 53, is a farmer. He lives in a village in the Tskaltubo district with his wife, 20-year-old daughter and a mother who is provided with a retirement pension. Sulkhan keeps busy running the family's small-scale agricultural business. He owns a vineyard and produces wine with the harvested grapes. Also, he runs a dairy farm with four milk cows, whose milk is used in cheese products. The cheese is sold at the local open market.

Sulkhan has requested credit for the purpose of building a greenhouse. The new business will be an additional source of income for the family, which will allow them to combat the poverty in which they live.

Sulkhan’s loan request was approved within the framework of a new joint initiative between Kiva and Credo. This start-up loan program offers business start-up capital and re-startup credit with generous lending conditions to the country's rural poor, who often do not have access to credit, as they are regarded as “high-risk borrowers” because of their low income.

With the received credit, Sulkhan will purchase materials for the greenhouse construction (iron pillars and polyethylene covering) and will then construct the greenhouse, where tomatoes and greens will be grown throughout the year. Sulkhan will work in the greenhouse himself. He will sell the harvested products at the local open market. The income of the family will significantly increase, 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
  • 39
    View loans »
    Georgia Loans Fundraising
  • $8,578,050
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Sulkhan to purchase building materials and construct a greenhouse.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Feb 27, 2013
Mar 3, 2013
Currency Exchange Loss:
Dec 20, 2013