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Khvicha is from the Kakheti Region in the district of Gurjaani. He is 42 years old. Khvicha lives with his pensioner mother, brother, and his family.

The family is involved in agricultural activities. In particular, they have a vineyard and a plot of land, where different kinds of fruits are grown. In addition, they have a tractor to cultivate the land and a truck to transport cargo to different destinations. Khvicha 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 $5000 to purchase a stock of seeds. As the seeds are purchased, he will start a trading business. He will purchase seeds at wholesale prices and then resell them with a price mark-up. This will increase the income of the family and Khvicha will be able to improve the living conditions of 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
  • 41
    View loans »
    Georgia Loans Fundraising
  • $8,572,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $5,000 helped Khvicha to begin trading seeds.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 20, 2013
Dec 20, 2013
Currency Exchange Loss:
Apr 22, 2014