Check out some available loans that are similar to this one!
Giulasgar, from the village of Changilari, is 63 years old and married. He is Azerbaijani and his children live there. Giulasgar and his wife own a house in Georgia and run an agricultural business. Specifically, they grow peaches in the garden and sell the harvest seasonally.

In order to generate income, Giulasgar plans to start an animal sales business. If his loan is funded on the web-site, Giulasgar will buy 7-8 baby cows in the Javakheti Region, where prices are lower, and sell the livestock in his district with a price mark-up. He will invest the increased profit in the same business and continue sales. Giuslasgar hopes that his business initiative will be lucrative and he will improve his living conditions in the future.

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
  • 41
    View loans »
    Georgia Loans Fundraising
  • $8,578,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Giulasgar to buy calves for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 29, 2013
Nov 22, 2013
Currency Exchange Loss:
Nov 18, 2014