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Guliver
Guliver is a 55-year-old man. He lives in a small village of Martvili district with his mother. His wife and son live abroad and send money. Guliver is unemployed now. He wants to begin to trade with used tires.

The Start Up program, which is a joint initiative between Kiva and Credo, enables him to get a loan of $1,600. He will rent a commercial space and will purchase a stock of used tires to sell. He will be involved in his own business and thus 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.

Tags

About Georgia

  • $6,100
    Average annual income
  • 35
    View loans »
    Georgia Loans Fundraising
  • $7,796,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $1,600 helped Guliver to rent a commercial space and purchase a stock of used tires to start a trade.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 26, 2013
Listed
Oct 1, 2013
Currency Exchange Loss:
N/A
Expired:
Oct 31, 2013