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Suliko is 40 years old. He lives in Batumi District with his wife and son. His daughter is married and lives with her husband. Suliko had been living in Samtredia District, but the family decided to sell everything there and resettle in Batumi. Nowadays, his wife works as a cleaner at a local school in Batumi. This is the only source of income for the family.

Suliko requested a loan from Credo to finance the start-up costs for a new family business. Suliko has now been approved for a loan within the framework of the new joint initiative of Kiva and Credo. The start-up loan program provides start-up and re-start-up credits with soft conditions to rural poor people and businesses.

With his credit, Suliko will purchase a minibus. After purchasing a minibus, he will be able to work on a minibus line transporting people. This will increase the income of his family. The new business initiative, financed with the Kiva start-up loan, will significantly improve the living conditions of his family.

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 $3,000 helped Suliko to purchase a minibus to work on a minibus line.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
May 8, 2013
May 19, 2013
Currency Exchange Loss:
Dec 17, 2014