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Sophiko is a 29-year-old married woman. She lives in a small village of Khobi district with her husband, two children and parents-in-law. Sophiko is a housekeeper and her children go to a local public school. Her parents-in-law are provided with a retirement pension.

The family runs an agricultural business. In particular, they have 2 cows. Sophiko milks the cows every day and produces dairy products to sell. In addition. they have a plot of agricultural land, where maize and nut trees are grown. They work hard to ensure a good harvest. The harvested products are sold to local retailers. As the income is only seasonal, Sophiko decided to request a loan for the family business. The Start Up program, which is a joint initiative with Kiva and Credo, enables her to get a loan of $2,400 for purchasing a used car. After the used car is purchased her husband will serve local people as a taxi driver. This will increase their income and they will be able to improve their living conditions.

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
  • 44
    View loans »
    Georgia Loans Fundraising
  • $7,931,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,400 helped Sophiko to purchase a used car for her husband to work as a taxi driver.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Aug 29, 2013
Oct 5, 2013
Currency Exchange Loss:
Jul 21, 2014