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Valeriane is from the village of Argveta, West Georgia. He is 43 years old and lives with his six-year-old son, who goes to the local school. Valeriane’s wife lives and works abroad to help her family financially.

The only source of income for the family is a milk cow, whose milk is used in cheese products. Part of the cheese produced is sold locally and the rest is used by the family.

Valeriane has requested credit to start a family business. He wishes to purchase a minibus to transport construction materials and start a trades business. He will purchase building materials at wholesale prices and sell them for a profit at the local open market. He will also work on orders.
Starting this business will significantly increase the family’s income. They will be able to purchase additional household goods 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
  • 37
    View loans »
    Georgia Loans Fundraising
  • $8,073,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,100 helped Valeriane to purchase a minibus to transport construction materials.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Feb 9, 2013
Feb 16, 2013
Currency Exchange Loss:
Sep 17, 2014