Check out some available loans that are similar to this one!
Badri is 69 years-old. He lives in a small village in Bolnisi District with his wife, son and daughter-in-law. In the past, Badri has requested loans from local financial institutions several times to start-up a family business but without any success. His loan requests have been rejected all the time due to low income and the family’s poor living conditions.

Badri’s wife has a retirement pension and his daughter-in-law works as a teacher at local school. Badri has a plot of agricultural land where cucumbers are grown. He does all the agricultural work to ensure a good harvest. He sells the harvested cucumbers at local markets at a good price. It is hardly enough to provide food for the family. According to Credo estimations the family belongs to the subsistence poor category.

Badri has requested a loan from Credo to start-up a family business. Badri has now been approved for a loan within the framework of the new joint initiative between Kiva and Credo. The start-up loan program envisages the 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 Badri will purchase calves to raise and resell at a higher price. This will increase the income of their family. 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
  • 29
    View loans »
    Georgia Loans Fundraising
  • $8,567,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Badri to purchase calves to raise and resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 15, 2013
Jun 21, 2013
Currency Exchange Loss:
Dec 20, 2013