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Gocha is 46 years old. He lives in the Gurjaani District with his retired parents.

Gocha requested a loan from local financial institutions several times for a family business start-up, but without any success. His loan request was rejected each time because of his low income and the family’s poor living conditions.

His family owns a vineyard and a small agricultural plot of land. Gocha and his father harvest grapes to make wine, which they sell locally at the markets. They earn a small monthly income, which is the only source of income of the family. According to Credo estimations, the family belongs to the subsistence poor category.

Gocha 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 of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-start-up credits with soft conditions to the country's rural poor, who do not have access to credit products as they are regarded as “high risk borrowers” because of low income.

With the received credit, Gocha will purchase melon seedlings. He and his father will cultivate land to sow the melons to harvest and sell locally at the markets. The profit will be used to reinvest in the same business, and Gocha will sow more melons, which will increase the family’s income.

The new business initiative, financed with the Kiva Start-up loan, will give Gocha a chance to look after his aged parents and to provide better living conditions for them.

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
  • 36
    View loans »
    Georgia Loans Fundraising
  • $8,314,800
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Gocha to purchase melon seedlings.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Mar 1, 2013
Mar 13, 2013
Currency Exchange Loss:
Nov 18, 2013