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Amiran is 44 years old. He lives in Khelvachauri District with his family: his wife, his 10-year-old daughter and his retired mother. Amiran takes care of a milk cow owned by the family. The dairy products are mainly consumed by the family and the surplus is sold in the village. Besides this, he grows mandarins and sells them at the local open market.

According to government estimations, the family belongs to the vulnerable poor category, and they get monthly social assistance.

Amiran requested credit to start up a trade business. His loan request was approved in the framework of a new joint initiative from Kiva and Credo. The start-up loan program envisages provisioning business start-ups and re-startups with credit on soft conditions to the country's rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of their low income.

With the received credit, Amiran will purchase a mini-bus to trade fruits and vegetables. He will buy products in East Georgia at wholesale prices and sell them at a good price in his district. The new business initiative will increase the monthly income for the family. Their living conditions will improve, and in the future, they will have enough income to access regular credit products available on the country’s capital market, in case of need.

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
  • 42
    View loans »
    Georgia Loans Fundraising
  • $7,896,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Amiran to purchase a mini-bus for trading fruits and vegetables.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 17, 2012
Dec 28, 2012
Currency Exchange Loss:
Mar 17, 2014