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Bakhruz is 32 years old and lives in the Marneuli District with his parents, brother, wife and two children. He and his brother are artisans and his father works at a poultry farm. They all earn a monthly salary, but Bakhruz is requesting this loan from Kiva and Credo to start a new business on his own. Kiva and Credo run a loan program for start-ups that provides credit on favorable terms to poor people who live in rural areas and do not have access to traditional sources of credit. Bakhruz will use the loan to buy a mini-bus so that he can sell green grocery products. He will buy these groceries from local farmers at wholesale prices and sell them at retail prices in nearby towns. The new business will increase his family's monthly income and allow them to improve their living conditions.

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
  • $7,901,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $5,000 helped Bakhruz to buy a mini-bus to use to sell groceries.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jan 18, 2013
Jan 22, 2013
Currency Exchange Loss:
Aug 17, 2013