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Rauli is a 29-year-old young single man. He lives with his mother in a small village of Marneuli district. His mother is provided with a retirement pension.

Sadly, for lack of economic resources and because he had to start working at a very young age, Rauli was unable to study for a professional career. He works hard on family-owned agricultural land, growing maize, and he does all the agricultural work to make sure of a good harvest. Besides, he has 2 milking cows and 5 pigs. Rauli’s mother milks the cows and produces dairy products (yogurt, cheese) for selling.

As the family has only seasonal income, Rauli decided to start his own business and seek credit among local financial institutions, but his attempts were unsuccessful because of his poor living conditions. The start-up program, which is a joint initiative between Kiva and Credo, enables the rural poor and inexperienced people to get a loan for starting or re-starting businesses.

His application was approved under the framework of this program to get a loan of $2,000 for purchasing a car. After purchasing a car, Rauli will begin trade with fruits and vegetables. He will purchase fruits and vegetables from the wholesalers in different villages, and then resell them in the capital city at a higher price.

The start-up credit will be a great support for the family, as their income will be significantly increased thanks to Kiva lenders.

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
  • 34
    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 $2,000 helped Rauli to purchase a car so he can begin trade with fruits and vegetables.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Jun 28, 2013
Jul 19, 2013
Currency Exchange Loss:
May 23, 2014