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Elguja is 45 years old. He lives with his sister and pensioner aunt in the small village of Meskheti in Tskaltubo district. His sister is a homemaker, and Elguja's salary is the only source of income for the family.

Elguja works as an electrician and also works hard on the family-owned land, growing greens. He sells the harvested greens seasonally at local markets. Elguja decided to expand this business and requested a loan. The Start-Up program enables him to have a loan of 4,000 GEL to build a greenhouse. After the greenhouse is built, he will grow tomatoes and cucumbers there.

Elguja is very motivated to work hard and ensure a good harvest. He will sell the harvested tomatoes and cucumbers locally. With the increased income, he will 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
  • 38
    View loans »
    Georgia Loans Fundraising
  • $8,314,800
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,375 helped Elguja to build a greenhouse.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Nov 22, 2013
Dec 21, 2013
Currency Exchange Loss:
Jan 24, 2016