Check out some available loans that are similar to this one!
Malkhaz is a 29-year-old, married man from the small village of Khulo district. He lives with his large family: his wife, three children, mother, brother, sister-in-law, and two nephews.

The family is involved in agricultural activities. In particular, they have three cows and they produce cheese to sell. In addition, they have a plot of agricultural land where maize, potatoes, and cabbages are grown to sell.

Malkhaz decided to start grocery store and he requested a loan. The start-up program, which is a joint initiative between Kiva and Credo, enables him to get a loan of USD 4,000 to purchase a stock of groceries.

When the grocery store is opened, Malkhaz will be able to generate a stable income and, thus, improve the income of the family.

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
  • 40
    View loans »
    Georgia Loans Fundraising
  • $7,800,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $4,000 helped Malkhaz to open a grocery store.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Sep 30, 2013
Oct 29, 2013
Currency Exchange Loss:
Nov 28, 2013