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Lasha is a 36-year-old man. He lives with his brother and mother in a small village in the Zestaponi district. The family runs an agricultural business. In particular, they have 2 cows and hens. His mother milks the cows every day and produces dairy products to sell. In addition, they have a vineyard and a 0.7 hectare plot of agricultural land, where different kinds of vegetables are grown. Sadly, for lack of economic resources and because he had to start working at a very young age, Lasha was unable to study for a professional career. He works hard on family-owned agricultural land.

As the family has only seasonal income, Lasha decided to start his own business and seek credit among local financial institutions, but his attempts were unsuccessful, because of his poor living conditions. A start-up program that is a joint initiative between Kiva and Credo, enables rural poor and inexperienced people to get loans for starting or re-starting businesses. His application was approved under the framework of this program to get a loan of 5,000 USD to sell cars. He will purchase and sell cars 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
  • 37
    View loans »
    Georgia Loans Fundraising
  • $7,807,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $5,000 helped Lasha to begin selling cars.
Repayment Term
39 months (Additional Information)
Repayment Schedule
Aug 30, 2013
Oct 4, 2013
Currency Exchange Loss:
Nov 3, 2013