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Besik is 29-years-old and lives in the village of Maghlaki. He is married with two children and lives with his father. Besik works at the local bakery as a baker and gets a small-sized monthly salary.

His income is hardly enough to cover feeding and household expenses. That’s why Besik decided to apply for this loan and start his greenhouse business. He is very grateful for the support that the Kiva lenders offer him, since 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 and cucumbers in the summer. He will sell his harvest the whole year and generate income. Thanks to this loan, he will improve their quality of life and increase the family funds. Besik 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
  • 35
    View loans »
    Georgia Loans Fundraising
  • $8,323,400
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,600 helped Besik to purchase materials to construct a greenhouse.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Dec 25, 2013
Jan 9, 2014
Currency Exchange Loss:
Jan 22, 2015