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Archil is 51 years old and widowed. He is living with his two grown sons in the town of Kutaisi. Archil and his younger son are both jobless at the moment. The only one who makes money in the household is Archil’s elder son who is working for a local distribution company. He gets a small monthly salary which is hardly enough to cover every day costs.

There is a high unemployment rate in the region and Archil has been unable to find a suitable job. Recently though he found that the Tourist Agency needed a driver.

Archil has applied for the job and he has been hired, but he is required to use his own car. That’s why Archil needs financial support. With the startup loan, Archil will buy a secondhand car that he can use to serve the tourists. He will earn a monthly income and improve his living conditions. He awaits your help and kindness.

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
  • 37
    View loans »
    Georgia Loans Fundraising
  • $7,796,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $1,500 helped Archil to purchase a car to serve his tourist agency.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Aug 8, 2013
Sep 11, 2013
Currency Exchange Loss:
Oct 11, 2013