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Avtandil is 51 years old. He lives in the small village of Lanchkhuti district with his wife and two sons. His sons go to the local secondary school. His wife is housekeeper.

Avtandil is involved in agricultural activities. In particular, he has cows and a plot of agricultural land, where maize and nut trees are grown. He is very hard-working man and does his best to have a good harvest.

In the region there is a high unemployment rate, but self-employment helps inhabitants to make living. So Avtandil 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, as he was unable to satisfy their requirements.

Avtandil received the credit he needs in the framework of joint initiative of Kiva and Credo - Startup Program that gives rural poor people the chance to start or re-start businesses. With the loan of US$ 3,000, he will buy a minibus and start trading in fruits and vegetables. He plans to purchase fruits and vegetables at wholesale prices and then resell them at higher prices. This will increase the income of his family.

With increased income, Avtandil will be able to improve the living conditions of 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
  • 51
    View loans »
    Georgia Loans Fundraising
  • $8,643,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $3,000 helped Avtandil to purchase a minibus and start trading in fruits and vegetables.
Repayment Term
21 months (Additional Information)
Repayment Schedule
Aug 9, 2013
Sep 11, 2013
Currency Exchange Loss:
Oct 11, 2013