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George is from the Gori District. He is an internally displaced person and now lives in the refugee settlement of the village of Berbuki with his large family: his wife, two toddler children, parents, sister and two nieces.

George runs a small-scale agricultural business and owns an apple garden. He sells his harvest seasonally. The only monthly income for the family is a small refugee assistance from the local government, which is hardly enough to cover feeding costs for the family of nine.

In order to generate income, George plans to start a trading business with fruits and vegetables. With the loan amount, he will purchase fresh products in bulk and sell them in his district with a price mark-up. George owns a mini-bus and will use it in making deliveries. George hopes his initiative will be lucrative and be able to increase family funds.

George and his family members are awaiting your generosity.

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
  • 37
    View loans »
    Georgia Loans Fundraising
  • $8,323,825
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped George to purchase fruits and vegetables in bulk for resale.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Oct 31, 2013
Nov 21, 2013
Currency Exchange Loss:
Jul 30, 2014