Check out some available loans that are similar to this one!
Guram is a 28-year-old married man. He lives with his wife, an infant son and parents in a small village of Gurjaani district, Kakheti region. His father is provided with a retirement pension of 125 Gel per month. His wife works as a saleslady and gets a small monthly income. Guram is involved in agricultural activities. In particular, he has a vineyard and produces wine to sell. In addition, he has a plot of land, where peach trees are grown. He always has high-quality products, which are sold to local retailers.

Alongside the agricultural activities, Guram decided to start taxi business to have a stable income. He requested a loan of $ 2,000 to purchase a used car. He has already a driver’s license and after purchasing a car, he will serve people as a taxi driver. His calm demeanor will help him while driving.

Guram will be able to generate more income and improve the living conditions of his family.

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
  • 38
    View loans »
    Georgia Loans Fundraising
  • $7,807,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $2,000 helped Guram to purchase a used car.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Aug 20, 2013
Sep 23, 2013
Currency Exchange Loss:
Oct 23, 2013