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Guram is 57 years old. He lives in Oni District with his children (25-year-old daughter Ekaterine and 20-year-old son Ivane). Guram requested a loan from local financial institutions several times for family business start-up, but without any success. His loan request was rejected all the time, because of low income and his family’s poor living conditions.

Guram’s wife is working abroad and she sends transfers to the family. His daughter Ekaterine is an administrator in a food production company in the capital city. Guram’s son Ivane is an invalid and he gets monthly pension from the government. As Ivane needs special care, family monthly income is rarely enough to cover their food expenses.

Guram requested a loan from Credo to re-start up the family business. Guram has now been approved for a loan within the framework of the new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to rural poor people, who do not have access to credit products. These rural poor people are regarded as “high risk borrowers” because of their low income.

With his credit Guram will purchase liquid gas. He had this business before and still has the gas container so Guram wants’ to start up the business again. He will be filling up the small gas cannisters (which are used for mainly for cooking) for his villagers who don’t have piped gas systems in their houses.

Guram is experienced in this business and he hopes he can make it successful and earn good profit. Part of the profit will be reinvested in the same field to purchase more liquid gas and with another part he will provide better living conditions for his son.

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
  • 75
    View loans »
    Georgia Loans Fundraising
  • $7,714,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,200 helped Guram to purchase liquid gas.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Apr 26, 2013
May 4, 2013
Currency Exchange Loss:
Feb 17, 2014