Check out some available loans that are similar to this one!
Zviad is 41 years old. He lives in a small village in the Zestaponi district of western Georgia with his mother and a son. His mother is provided with a retirement pension. Zviad has a secondary education and he and his son are unemployed now. The family belongs to the subsistence poor category, as they have no source of income and live in poverty. According to the above-mentioned situation, Zviad lacks access to capital markets and financial institutions to obtain credit for starting a business, as they require a stable income and business experience. The Start Up program created by Kiva and Credo enabled him to get a loan of $1,800. With the received loan, Zviad will purchase a minibus and start trading fruits and vegetables. He is going to purchase them in the Kakheti region of eastern Georgia and transport them with the minibus to resell in the Zestaponi district. His main clients will be his villagers. This credit will help him support his family. Zviad is thankful to Kiva lenders for giving him a chance to generate income.

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 $1,800 helped Zviad to purchase a minibus to trade fruits and vegetables.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Aug 21, 2013
Sep 22, 2013
Currency Exchange Loss:
Oct 22, 2013