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Viladin is 61 years old. He lives in Kesalo village, Gardabani district with his 50 year old wife, 27 year old son and retired mother in-law. Viladin 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 low income and the family’s poor living conditions.

The main source of income for the family is from agricultural activities. In particular, they have 4 milk cows. The cows are milked everyday to produce dairy products. The products are sold at the local markets and among the villagers. The family has additional income from Viladin’s mother in-law’s monthly pension.

Viladin requested loan from Credo to start up a family business. Viladin 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 Viladin will purchase a mini-bus. Kesalo is a small village and the nearest market is in Gardabani district. It’s hard for the local people to travel there to buy the daily products as there are not many transports going in that direction. Viladin will drive the bus to transport his villagers to Gardabani center, where they can purchase all the needed products. Viladin will start earning additional income for the family and also will help his villagers to have better access to the city. 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
  • 51
    View loans »
    Georgia Loans Fundraising
  • $8,643,950
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,425 helped Viladin to purchase a mini-bus.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 14, 2013
Jun 23, 2013
Currency Exchange Loss:
Jul 17, 2014