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Gocha, 50, is married and lives with his wife and two underaged children in the Ozurgeti district. Gocha runs his own trading business in his district. Specifically, he owns a store in the fair market where secondhand clothing and shoes are sold. Gocha also has a grocery store in the neighboring village and sells various groceries. He has been in the trading business for ten years and is very skillful in this field. He works hard all day long and his projects are profitable, which is why he’s decided to start another grocery store in his district, near the open market. The location is great, as it is always crowded, and according Gocha’s estimates it will be lucrative.

With a loan of 4,100 USD Gocha will purchase a stock of basic groceries to start a store. He will hire the salesperson and generate additional income for his family's well-being. With determination and his loan, he expects to improve his income and give his family members what they need.

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
  • 38
    View loans »
    Georgia Loans Fundraising
  • $7,931,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $4,100 helped Gocha to start up a grocery store.
Repayment Term
38 months (Additional Information)
Repayment Schedule
Sep 17, 2013
Oct 25, 2013
Currency Exchange Loss:
Nov 24, 2013