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Roin, 43, lives in the capital city of Georgia, Tbilisi, with his 42-year-old wife, Lela, and their 20-year-old daughter, Nino.

Roin has requested loans from local financial institutions several times for family business start-ups, but without any success. His loan requests were rejected all the time because of low income and his family’s poor living conditions.

Roin is working as a driver on a bus line. His wife is a cook at the local bakery. They both earn small monthly salaries, which are the only source of income for the family.

Roin requested a loan from Credo to start a family business. Roin 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, Roin will purchase a car. When he has free time or a day offs from the bus line, Roin wants to earn additional income by driving the car as a taxi. He is a very hardworking man and doesn’t want to waste time. During his free time Roin will earn a good profit by driving locals in the town and will be able to provide for future studying for his daughter. The new business initiative, financed with the Kiva start-up loan, will significantly improve the living conditions of the 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
  • 40
    View loans »
    Georgia Loans Fundraising
  • $8,073,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $3,000 helped Roin to purchase a car and drive it as a taxi.
Repayment Term
22 months (Additional Information)
Repayment Schedule
May 15, 2013
Jun 15, 2013
Currency Exchange Loss:
Jul 15, 2013