Check out some available loans that are similar to this one!
Rezo, a 49-year-old married father of a son and two daughters, is a constructor at the local power station earning a monthly income. His wife owns a stall at the local open market, selling a variety of fruits and vegetables. Rezo and his son sometimes help her in the running the business. Rezo’s elder daughter is a university entrant, and the younger goes to the public school. The family lives in a rented house in Akhalkalaki district.

With this start-up loan, Rezo plans to purchase a van to start a transportation business. He will carry and transport various items depending on the needs and requests of his customers. He will also use his van to make fruit and vegetable deliveries. He thinks that the business will be profitable and the family will have a stable income, enabling them to cover everyday costs as well as expand the business in future.

With the support of the start-up program, Rezo will get an opportunity to tackle their financial difficulties and save for the purchase of their own house.

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 $5,000 helped Rezo to purchase a van for starting a transportation business.
Repayment Term
38 months (Additional Information)
Repayment Schedule
Jul 13, 2013
Aug 16, 2013
Currency Exchange Loss:
Sep 15, 2013