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Otar is 20-years-old and lives in the village of Partskhanakanebi, West Georgia. He is single and lives with his retired grandmother. Otar breeds a milk cow and his grandmother makes cheese with the milk she receives. The cheese is sold locally and this is the only income source for them.
In order to increase his funds, Otar decided to apply for this loan and start a greenhouse business. He is very grateful for the support that the Kiva lenders are offering him. Thanks to their help he will be able to purchase all the needed materials for his greenhouse construction. He plans to grow various greens in the wintertime and plant tomatoes in the summer. He will sell his harvest during the whole year and generate income. Thanks to this loan, he will improve their quality of life and increase their income. Otar awaits your support.

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 $1,500 helped Otar to purchase needed materials to construct a greenhouse.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Oct 24, 2013
Nov 21, 2013
Currency Exchange Loss:
Jun 17, 2015