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Lasha is 20-year-old student from the small town of Jinvali. Several days ago, he was married and now lives with his wife in his own house. The only income source for the family is money transfers from Russia, where Lasha’s father lives and works. As this income is not enough for the newlywed couple, Lasha decided to start up a business and become financially independent.

Unfortunately, Lasha was unable to obtain a loan from existing financial institutions, as they required a stable income and business experience as a precondition to a loan. But Lasha has now received his loan within the framework of a new joint initiative between Kiva and Credo. This start-up loan program provides start-up and re-startup loans with easy terms to country vulnerable poor who do not have access to credit products.

With a loan of 3,000 USD, Lasha will start up a grocery store and buy merchandise to stock it. Lasha will care for his clients and treat them in a kind and friendly way. With this determination and his loan, he expects to improve his income and get a quality university education.

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
  • $7,908,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Lasha to start up a grocery store.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 13, 2013
Jul 29, 2013
Currency Exchange Loss:
Aug 17, 2015