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Gela is 22 years old and lives with his wife and two children in the Marneuli district. Gela does not have a source of income at the moment, as he is unemployed. The only income provider in the family is Gela’s wife, who works as an artist locally.

Gela plans to start up a café. The local credit providers have rejected his loan request because of his low income. His loan request was approved in the frame of a new joint initiative of Kiva and Credo. The start-up loan program envisages the provisions of business start-ups and re-startup credits with soft conditions to the country's rural poor who do not have access to credit products, as they are regarded as “high risk borrowers” because of low income.

With the increased credit, Gela will purchase building materials, all the kitchen appliances, and stocks of products that will be used for starting the café. According to Gela’s estimations, his project will be profitable, and he will attract many customers. As a result of the new business initiative, the income of the family will increase and their living conditions will improve. In addition to the above mentioned, in case of need in the future, the family will have enough income to access regular credit products available on the country’s capital market.

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
  • $8,076,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $5,000 helped Gela to purchase inventories for starting a cafe.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jun 29, 2013
Jul 8, 2013
Currency Exchange Loss:
Aug 7, 2013