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Bezhan is a 36-year-old man who lives in Khelvachauri district. He is married and has three children who are going to school. He also has a 32-year-old sister who lives with their family.

Bezhan requested a loan from local financial institutions several times for a family business start-up, but without any success. His loan request was rejected all the time because of low income and the family’s poor living conditions.

Bezhan opened a grocery shop recently where he sells different kinds of groceries and is grinding coffee as well. According to Credo estimations, the family belongs to the subsistence poor category. His loan request was approved in the framework of a new joint initiative of Kiva and Credo. The 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.

Bezhan requested a loan for purchasing more stock of groceries, which will help his newly started business to develop. He will reinvest the profit in the same business. This will help him and his family to have better 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
  • 39
    View loans »
    Georgia Loans Fundraising
  • $7,906,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Bezhan to add more products to his newly started grocery store.
100% repaid
Repayment Term
24 months (Additional Information)
Repayment Schedule
Feb 20, 2013
Feb 24, 2013
Currency Exchange Loss:
Jan 17, 2015