Check out some available loans that are similar to this one!
Emzar
Emzar works as an artisan locally and gets a small monthly income. Several times, Emzar has applied for loans from local financial institutions for his business start-up, but without any success. His loan request was rejected each time because of his low income and lack of experience in his new business. The local credit providers usually insist on prior experience in the business.

Emzar’s loan request was approved in the framework of a new joint initiative between Kiva and Credo. The start-up loan program envisages the provision of business start-up and re-start credits 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 borrowed amount, Emzar will purchase a truck. He will be able to provide goods transportation services to local farmers. It will be hard work for Emzar, but, according to estimates, his business will be profitable and will increase the income of the family. He awaits your support.

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

  • $4,600
    Average annual income
  • 106
    View loans »
    Georgia Loans Fundraising
  • $7,355,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Emzar to purchase a truck.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 21, 2013
Listed
Jan 24, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 19, 2015