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Tornike is 23 years old. He lives with his parents and brother in the small village of Baghdati district. His mother works at a local kindergarten and gets a small, monthly income.

The family is involved in agricultural activities. In particular, they have two milking cows and they produce dairy products to sell. In addition, they have a vineyard and they produce and sell wine.

In the region, there is a high unemployment rate, but self-employment helps inhabitants to make a living. So, Tornike decided to start his own business with a loan, but the local credit providers usually demand experience and some stable income from the borrowers. His credit requests were rejected several times since he was unable to satisfy their requirements.

Tornike received a credit in the framework of a joint initiative between Kiva and Credo. The start-up program gives rural poor people the chance to start or re-start their businesses.

With the loan of GEL 7,000, Tornike will build a greenhouse and grow cucumbers and tomatoes there. He will purchase the seeds and all the building materials to build a greenhouse. He will sell the harvested products locally, at a good price. This will increase the income of his family. With increased income, they will be able to improve the living conditions of their 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
  • 50
    View loans »
    Georgia Loans Fundraising
  • $8,637,875
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,225 helped Tornike to build a greenhouse.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Aug 10, 2013
Sep 11, 2013
Currency Exchange Loss:
Feb 17, 2014