Status update - September 17, 2021

EthicCapital has repaid its outstanding balance to Kiva in full, and these funds have been distributed to lenders. We thank EthicCapital for the years of collaboration and wish them success in their future endeavors.

Status update - July 18, 2018

Kiva has moved this Lending Partner to inactive status, which means EthicCapital is no longer fundraising loans on Kiva but will be collecting repayments from borrowers and returning funds to lenders as normal. This is because EthicCapital has decided to shut down operations due to a regulatory change in Georgia that largely restricts their ability to operate. We thank EthicCapital for the years of collaboration.

Partner Description:

Unemployment in Georgia is very high due to an underdeveloped industrial sector. The majority of people work independently as farmers or small shop owners.

Many Georgian farmers are unable to borrow the capital they need to expand their production in a sustainable way. EthicCapital is a non-profit credit union that offers low-interest financial services to rural farmers. The non-profit also provides additional services that include consulting, networking, marketing and training. EthicCapital’s borrowers show strong initiative to improve their living conditions by growing their operations and improving their production capabilities.

A unique lending approach:

EthicCapital targets rural farmers who cannot access mainstream financial institutions. The loans focus on up-and-coming categories such as organic agriculture, ecological production, sustainable development and renewable energy. 

Georgia is an agricultural nation with a high potential for organic production.