Check out some available loans that are similar to this one!
Genadi is a 53-year-old married man. He lives with his son, daughter-in-law, and two grandchildren in the small village of Khelvachauri district. His daughter-in-law is a teacher at local school and gets 400 Gel per month. Genadi is involved in agricultural activities. He has 2 cows, whose milk is used in cheese products. In addition, he has a land, where different kinds of vegetables are grown. Genadi is a very hard working man and always has high quality products, which are sold to local retailers. Genadi decided to start his own 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 $4000 for purchasing a minibus. Once the minibus is purchased, he will transport people and increase the income of his family. With increased income he will provide better living conditions for his grandchildren.

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
  • 46
    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 $4,000 helped Genadi to purchase a minibus and transport people.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Oct 28, 2013
Nov 16, 2013
Currency Exchange Loss:
Dec 17, 2015