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Zaza
Zaza is 33 years old and married. He has five children. He lives in the Marneuli district. The family lives below the poverty line and gets a small-sized social assistance from the local government. To generate income for his large family, Zaza hires a car and serves the locals as a taxi driver. He has been in this business for a month and he transports people from his district to the capital city. The project is profitable but the rent for the car is high so Zaza decided to purchase his own car.

Zaza is requesting a loan for $2,000, which will enable him to continue his taxi business and earn a good income. He is a very experienced driver and a hardworking person with a great desire to ensure that his children receive a good education.

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.

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About Georgia

  • $4,600
    Average annual income
  • 78
    View loans »
    Georgia Loans Fundraising
  • $7,548,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Zaza to purchase a car.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 28, 2013
Listed
Oct 29, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2014