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Gocha is a 34-year-old experienced farmer, from the village of Bukistsikhe. He lives with his parents, wife and 2 little children. Gocha's father is a wood artisan and generates 350 GEL monthly. The family is highly involved in agricultural activities. In particular, they have cows and a plot of agricultural land where nuts and grapes are grown. Gocha sells the farm's products locally. He always has fresh and high quality products. For further development, Gocha decided to be involved in another activity parallel to agricultural and he requested a loan. His application was approved within the framework of the joint initiative between Kiva and Credo that enables people to start or re-start a business. So, with the approved loan, he will buy a truck and work with private orders. Gocha's income will significantly increase with the help of this new activity. He is grateful to all Kiva lenders for the aid.

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
  • 1.8
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,975 helped Gocha to purchase a truck to use to fill private orders.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Dec 31, 2013
Jan 17, 2014
Currency Exchange Loss:
May 17, 2015