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Merab is from Alambari village in East Georgia. He is 33 years old and lives with his wife, two children and parents. Merab requested a loan from local financial institutions several times for a small scale business start-up without any success. His loan request was rejected every time because of his low income and his family’s poor living conditions.

The source for the family is the small monthly income earned by Merab working as a joiner on private orders, but he doesn’t have enough income to make savings and set up a workshop. The family also runs an agricultural business and grows citrus and nuts on the agricultural land. The harvested products are sold seasonally in the local district. In addition, Merab’s father is involved in dairy farming and has a milk cow, whose milk is used in cheese products.

Merab requested a loan from Credo to start up a joiner’s workshop. His loan request was approved in the frame of a new joint initiative between Kiva and Credo. The start-up loan program envisages the provision of business start-up and re-startup credits with soft conditions to countryside rural poor, who do not have access to credit products and are regarded as “high risk borrowers” because of their low income. With the received credit he will purchase wooden materials and a joiner’s plane.

Merab is sure that his start-up business will be successful, as his district is quite popular among tourists. Thus, small hostels are being constructed. Merab will supply them with quality furniture for a convenient price. The new business initiative, financed with the Kiva Start-up loan, will increase the income of his family. The family members will then be able to increase their spending to satisfy their daily needs and 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
  • 35
    View loans »
    Georgia Loans Fundraising
  • $7,912,575
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Merab to start up a joiner's workshop..
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 27, 2013
Mar 3, 2013
Currency Exchange Loss:
Mar 17, 2014