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Durmishkhan is 28 years old and married with two children living in the village of Karajala, Kakheti Region. Durmishkhan’s mother lives with his family as well. Durmishkhan has a vocational education in welding but he doesn’t work in his profession and runs an agricultural business. He cultivates a plot of land where maize, onions and various vegetables are grown. Durmishkhan and his mother sell their harvested products as well as purchased vegetables at the neighboring town's open market. The existing funds are not enough for the family of five. In order to generate more income, Durmishkhan decided to purchase a second-hand car to use as a taxi. He will transport passengers from his district to the capital city in return for a service fee. The local people mainly use a taxi service to connect with the capital city and Durmishkhan’s service will have high demand. A loan of $ 3000 will help him to start his taxi business. Durmishkhan is a very enthusiastic and hard working person with a great desire to ensure his children have a good education to progress in life. This loan will be a great support for the family. Durmishkhan is thankful to Kiva lenders for giving him a chance 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
  • $7,812,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $3,000 helped Durmishkhan to purchase a car to start a taxi business.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 17, 2013
Oct 24, 2013
Currency Exchange Loss:
Nov 23, 2013