Check out some available loans that are similar to this one!
Mirza is 30 years old. He lives in Dimi village, Baghdati district, with his parents, brother and retired grandmother. Mirza requested loans 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.

The main source of income for the family is from agricultural activities. They have 4 milk cows, 5 calves, a bull and 2 pigs. They also own a vineyard. The family milks the cows to make dairy products and also sells piglets. From the harvested grapes, they make wine and vodka. They have a truck and use it for distributing all the products locally at the markets.

Mirza requested a loan from Credo to start up a family business. 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 re-start-up credits with soft conditions to the country’s rural poor. The rural poor do not have access to credit products, being regarded as “high risk borrowers” because of low income.

With the received credit, Mirza wants to open a cement workshop to make cement blocks. He will purchase all the needed mounting and also cement and start making blocks. He will use the family truck for distributing them.

Mirza hopes his new business will be profitable, and he will be able to earn additional income to help 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
  • 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 $3,000 helped Mirza to purchase all the needed mounting and cement to start making blocks.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Mar 26, 2013
Mar 31, 2013
Currency Exchange Loss:
May 17, 2014