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Archil is a 29-year-old married man. He lives with his wife, two children and parents and grandmother in the small village of Kobuleti district. His grandmother is provided with a retirement pension. Archil has been involved in the agricultural business from early childhood, as his parents were farmers and this is a traditional activity for the family.

Sadly, for lack of economic resources and because he had to start working at a very young age, Archil was unable to study a professional career. Archil works hard on family-owned agricultural land, growing maize and nut trees. He always has high quality products, which are sold to local retailers for a good price. Besides this, he has a milking cow and produces dairy products to sell.

As the family has only seasonal income, Archil decided to start his own business and sought credit among local financial institutions, but his attempts were unsuccessful because of his poor living conditions. The startup program that is a joint initiative between Kiva and Credo enables 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 $3,500. With the received credit, he will purchase a minibus and transport people. This will give him a chance to generate stable income and improve the living conditions for his 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
  • 35
    View loans »
    Georgia Loans Fundraising
  • $8,567,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $3,500 helped Archil to purchase a minibus and transport people.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 5, 2013
Sep 7, 2013
Currency Exchange Loss:
Oct 7, 2013