Check out some available loans that are similar to this one!
Zviad
Zviad, 37, is married and lives with spouse in the Bolnisi district of Georgia. A car mechanic, Zviad owns an auto repair shop and serves local drivers. His wife works as a teacher at the local school and gets a small monthly salary.

Because their existing income is hardly enough for a young couple, Zviad has decided to further develop his business. He has requested a loan to purchase engine oil to sell at his repair shop. He will offer his clients oil-changing services as well.

Zviad is very enthusiastic and hard working with a great desire to get ahead. This loan will be a great support for the family.

He is thankful to Kiva lenders for giving him a chance to generate income.

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.

Tags

About Georgia

  • $6,100
    Average annual income
  • 44
    View loans »
    Georgia Loans Fundraising
  • $7,799,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Zviad to purchase engine oil for selling.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 10, 2013
Listed
Aug 11, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2014