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Gocha is 48 years old. He lives in Zestaponi 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 all the time because of his low income and his family’s poor living conditions. Gocha earns a living from agricultural activities. He has three milk cows and owns a vineyard and a plot of agricultural land, where vegetables are grown. Gocha has worked in agriculture from a young age alongside his father and is very experienced in this filed. He produces dairy products and sells them together with the harvested grapes and vegetables at the local market. The family's additional income is from Gocha’s parent’s monthly pensions.

Gocha requested a loan from Credo to start a family business. Gocha has now been approved for a loan within the framework of the new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to rural poor people, who do not have access to credit products. These rural poor people are regarded as “high risk borrowers” because of their low income. With his credit, Gocha will build a greenhouse. He wants to expand his agricultural business and start selling vegetables not only in summer but also in winter. For this reason, he will build a greenhouse and plant different types of vegetables. Harvested products will bring Gocha additional income. He is happy about having this opportunity to take out a loan in order to help his business move forward, which will help him to pay for all the household's expenses. The new business initiative, financed with the Kiva Start-up loan, will significantly improve the living conditions of the family.

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
A loan of $3,000 helped Gocha to build a greenhouse.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 7, 2013
Jun 15, 2013
Currency Exchange Loss:
Jul 15, 2013