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Konari is 63 years old. He lives in the village of Bolkvi with his wife and his grown daughter and son-in-law. Konari is busy with agricultural activities. He grows grapes in his own vineyard and sells them in the fall season. He works hard the whole year and harvests the quality products which are sold to fruit retailers. Additionally, the family runs an animal husbandry business and breeds two calves. With this loan, Konari would like to purchase a tractor. He will use it to perform agricultural work on the lands of nearby farmers, mainly in tilling and sowing seasons, and will be paid by the landlords. Konari has chronic health problems but, in spite of this, he has a strong will to generate income. He expects that this loan will significantly increase his family's funds and enable him to provide better 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
  • 48
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Konari to purchase a tractor and use it to perform agricultural work on the lands of local farmers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 29, 2013
Nov 14, 2013
Currency Exchange Loss:
Nov 17, 2014