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Kakha is a 39-year-old married man from the small village of Chkhorotsku district. He lives with his wife, six children, daughter-in-law, brother and parents. His parents are provided with a retirement pension. He has been involved in the agricultural business from early childhood, as his parents were farmers and this is a traditional activity for the family.

Sadly, for lack of economic resources and because he had to start working at a very young age, Kakha was unable to study a professional career. Kakha works hard and runs an animal husbandry business. In particular, they have two milking cows, three calves, two pigs and a horse. Kakha’s wife milks the cows everyday and produces dairy products to sell. He always has high quality products, which are sold to local retailers for a good price. As the family has only a seasonal income, Kakha decided to start an additional business and seek credit from local financial institutions, but his attempts were unsuccessful because of his poor living conditions. The startup program, which is a joint initiative between Kiva and Credo, enables rural poor and inexperienced people to get a loan to start or re-start businesses. His application was approved under the framework of this program to get a loan of $1300. With the loan, he will purchase a car and serve the local people as a taxi driver. This will increase their income and he will be able to improve the living conditions of such a large family.

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
  • 32
    View loans »
    Georgia Loans Fundraising
  • $7,796,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Kakha to purchase a car to use as a taxi.
100% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Jul 30, 2013
Sep 3, 2013
Currency Exchange Loss:
Jan 22, 2015