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Valerian is from the Sachkere district. He lives with his wife, 21-year-old son, and 27-year-old daughter. Valerian and his son work on renovation of houses. They both earn 300 Gel per month. His daughter graduated from pharmaceutical college and works as a pharmacist. In addition, the family runs an agricultural business. They have land where they grow different crops to sell.

Valerian decided to get a loan and open a pharmacy, which his daughter will run. The Start Up program, which is a joint initiative with Kiva and MFO Credo, gives him a chance to get a loan of $3,500 for opening the pharmacy. Valerian will use the loan to purchase medicines and raw materials to make shelves. This will give the family a chance to be involved in their own business and earn a more stable 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
  • 40
    View loans »
    Georgia Loans Fundraising
  • $8,091,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,500 helped Valerian to purchase medicines and raw materials for shelves.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Aug 23, 2013
Sep 25, 2013
Currency Exchange Loss:
Oct 17, 2015