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Levan is 32 years old and married. He is from the village of Giorgeti. He lives with his wife and two school-age children. His family runs an agricultural business and cultivates a plot of land where potatoes and red beans are grown. In addition, Levan runs a small dairy farm with two milk cows and produces cheese to sell.

Levan is a very energetic and hardworking young man and wishes to provide his family with enough income. That’s why he decided to start a trading business. With this start-up loan, Levan plans to purchase a van to use to make fruit and vegetable deliveries. He will sell the fresh produce in the neighboring villages and have a stable income, which will enable him to cover everyday costs as well as expand the business in the future. With the support of the Start Up program, Levan will get an opportunity to be involved in his own business and tackle his financial difficulties.

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
  • 46
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $2,400 helped Levan to buy a van to sell fruits & vegetables.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jul 29, 2013
Sep 1, 2013
Currency Exchange Loss:
Oct 1, 2013