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Ramin is a 29-year-old married man. He lives with his parents, wife, brother, sister-in-law, and two children in a small village of Khulo district. His wife works as a baker and earns 150 GEL per month. Ramin is involved in agricultural activities. In particular, he has two cows and sells cheese products. In addition, Ramin cultivates family-owned land and grows maize and potatoes to sell.

Ramin decided to start a honey business and requested a loan. The Start Up program, which is a joint initiative with Kiva and Credo, enables him to get a loan of 1500 GEL to purchase beehives with bee colonies. Ramin will start producing honey and sell it at a good price to increase the income of his family. With this increased income, Ramin will be able to improve his family's living conditions.

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
  • 48
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Ramin to purchase beehives with bee colonies.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Sep 28, 2013
Oct 23, 2013
Currency Exchange Loss:
Nov 17, 2014