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Vazha, age 54, is from the Kaspi district. He is married with a 19-year-old daughter who is a student. The only one who makes money in the household is Vazha’s wife, who works at the local municipality. Her monthly salary is nearly 240 USD, which is hardly enough to cover everyday costs. Vazha is jobless and he decided to start a service business.

With the received startup credit, he will purchase an argon welding machine and serve the locals as a welder for a service fee in return. He used to work in that field and has enough experience in soldering. Vazha hopes that his initiative will be profitable and that he will generate an income to satisfy the needs of his family members.

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
  • 39
    View loans »
    Georgia Loans Fundraising
  • $8,073,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Vazha to purchase an argon welding machine.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Aug 9, 2013
Sep 11, 2013
Currency Exchange Loss:
Mar 19, 2015