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Mirian is 20 years old and a single man living with his uncle and brother in the village of Orbeli. He installs satellite television dishes in his district. He gets a small monthly salary and is the only one earning money in his household.

Mirian would like to work as a driver for the company as well. There is a vacancy for drivers, but owning a car is a necessary condition for this position.

Mirian applied for a 2300 USD loan through Credo. His loan request was approved within the framework of the Start-Up program, a joint initiative with Kiva that permits the rural poor to start or re-start businesses.

This loan will help Mirian buy a secondhand car and enable him to fill the driver opening. This means he will have an additional position in the company and double the salary. It is obvious that this will be hard for Mirian, but he is ready to deal with the difficulties as he’s a very enthusiastic and hardworking person with a great desire to get ahead.

This loan will be a great help for the family. Mirian is thankful to Kiva lenders for giving him a chance to make more money.

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
  • 36
    View loans »
    Georgia Loans Fundraising
  • $7,912,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,300 helped Mirian to get a second job as a driver.
100% repaid
Repayment Term
24 months (Additional Information)
Repayment Schedule
Jun 27, 2013
Jul 18, 2013
Currency Exchange Loss:
Oct 17, 2014