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Gocha is 27 years old and from the Khelvachauri district, West Georgia. He lives with his wife, their infant daughter, his mother and his brother. Gocha requested a loan from local financial institutions several times, for a family business start-up, but without any success. His loan request was rejected every time, because of low income and the family’s poor living conditions.

The only source of income for the family is agriculture. In particular, they have a milk cow, whose milk is used in cheese production. Besides that, they have a plot of agricultural land, where different kinds of vegetables are grown. They sell the harvested produce and cheese locally, in an open market at a good price. The income is hardly enough to provide food for the family. According to Credo estimations, the family belongs to the subsistence poor category.

Gocha requested a loan from Credo to start up a business. His loan request was approved in the frame of a new joint initiative of Kiva and Credo. Start-up loan program envisages provision of business start-up and restart-up credits with soft conditions to the country's rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of low income. With the received credit Gocha will purchase a car and equipment for natural gas installation. He will be able to get orders and install natural gas in families' homes. He hopes his project will be profitable and the new business initiative, financed with the Kiva Start-up loan, will significantly 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
  • 35
    View loans »
    Georgia Loans Fundraising
  • $7,912,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Gocha to purchase a car and equipment for providing natural gas installation services.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Dec 24, 2012
Jan 7, 2013
Currency Exchange Loss:
Feb 17, 2014