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Jemal is 56 years old and lives in the Khoni district with his son and daughter. Jemal’s son works at the plumbing store as a salesperson and gets a monthly salary. His daughter is a university student. Jemal’s spouse works in Turkey to help her family members financially.

Jemal is a construction worker. He works on house renovations and his average monthly income is $240. Their existing income is not enough for a family of three. With this start-up loan, Jemal will purchase a truck and restart a transportation service business. He will carry and transport different things, depending on the needs and requests of his customers in order to generate income. He used to have a truck seven years ago and worked in transportation, so he has the appropriate experience in this field. That is the reason why he hopes the business will be successful and lucrative.

Jemal would like to thank all Kiva lenders.

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
A loan of $4,000 helped Jemal to purchase a truck and restart transportation business.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 15, 2013
Sep 18, 2013
Currency Exchange Loss:
Oct 18, 2013