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George, 35, is from the village of Chuneshi in Georgia. He lives with his wife, two children and retired mother as well as an aunt.

The family runs an agricultural business, breeding pigs and selling piglets at the local open market. They run a dairy farm as well and sell cheese to retailers. In addition, George owns a vineyard and a nut garden. The harvested grapes are used to produce wine for selling.

Besides his agricultural activities, George works at a printing house to earn a monthly income. All the family members work hard, but their existing income is not enough for a family their size.

George has requested this loan to purchase a van, which he will use in the trading business. He will purchase fruits and vegetables from nearby villages and sell them at a price mark-up in another district. He will renew his assortment every morning and offer fresh products to his customers.

This new business initiative, financed by Kiva lenders, will significantly increase the family’s monthly income and improve their living conditions.

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 George to purchase a van to use in the trading business.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 16, 2013
Aug 17, 2013
Currency Exchange Loss:
Sep 16, 2013