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Gela is 49 years old. He is married and lives in the village of Velistsikhe with his spouse, two sons and retired mother. Gela leads the family's agriculture business. In particular, he owns a vineyard and a plot of land where peaches are grown. The family always has quality products and sells them among fruit retailers. As the income from the agriculture business is seasonal and is not enough for consuming, Gela decided to apply for a loan and start an animal husbandry business to generate income.

With this loan Gela will purchase calves. After purchasing livestock, he will raise them and sell them in the spring for a higher price. This will generate an income and the new business initiative financed with the Kiva start-up loan will significantly improve his living conditions.

His loan request was approved within the framework of a joint initiative of Kiva and Credo. The start-up loan program aims to provide business start-up and re-startup credits with more favorable terms to the country's rural poor who do not have access to credit products because they are regarded as “high-risk borrowers” because of low income.

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
  • 37
    View loans »
    Georgia Loans Fundraising
  • $8,314,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,200 helped Gela to purchase calves and start an animal husbandry business.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Jul 31, 2013
Sep 3, 2013
Currency Exchange Loss:
Feb 17, 2014