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George is 29 years old. He lives in Ozurgeti district, Natanebi village with his 26 year old wife and parents. George requested a loan from local financial institutions several times for family start-up business, but without any success. His loan request was rejected every time, because of low income and family’s poor living conditions.

George's family runs an agricultural business. They own a plot of land where nut, mandarin and lemon trees are grown. Harvested products are sold at the local markets and they earn a small monthly income, which is barely enough to feed 4 members family.

George requested a loan from Credo to start a family business. George has now been approved for a loan within the framework of the new joint initiative of Kiva and Credo. The start-up loan program involves providing 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, George will open a car service center. George will fix the cars himself. He used to work as a car artisan before. As local people know this, it will help him to have a good client base, leading to a good profit. He will reinvest part of the profit in his business, in order to expand it. He wants to improve his family's living conditions and is willing to work hard and for long hours to achieve his goal.

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
  • $7,796,600
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,125 helped George to open a car service center.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
May 30, 2013
Jun 14, 2013
Currency Exchange Loss:
Jan 18, 2014