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Mamuka, age 30, is from Batumi, the seaside city on the Black Sea coast. Batumi is an important port and commercial center and most of its economy revolves around tourism.

Mamuka is married and has an eight-year-old daughter who goes to the local school. He is employed by a private company, making deliveries. He gets a small salary (approximately USD 240 per month). Mamuka’s wife is involved in a cosmetics-trading business from her house. Her regular customers are women from the local community. The income from this activity is unstable and small, as well. The couple works hard, but their earnings are not enough to cover food and daily expenses.

Mamuka owns a flat in the city center, which is not renovated. That is the reason why he had applied for the credit, to repair it for renting out. With the received credit, Mamuka will purchase all the needed construction materials for the flat's renovation. Afterward, it will be rented out and the family will get additional income to satisfy their daily needs. Mamuka awaits your generosity.

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
  • 43
    View loans »
    Georgia Loans Fundraising
  • $8,094,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $3,000 helped Mamuka to renovate his flat, so he can receive rental income.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 12, 2013
Sep 14, 2013
Currency Exchange Loss:
Oct 14, 2013