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Vakhtang is 60 years old, married, and lives with his wife, school-age son, and a retired aunt, in the small village of Oktomberi (“October” in English).

Vakhtang’s wife helps him to run a small-scale farm with two milk cows, two calves, and a pig. The family produces cheese with the received milk and sells it locally. In addition, they grow nuts, pineapples, guava, and kiwi on the family-owned land and they sell harvested products at the local open market.

Since the income is not enough to cover food and everyday expenses, Vakhtang decided to set up a workshop in his yard to generate an income. He used to work as a joiner, and he has rich experience in this field.

With the loan, Vakhtang will buy a joiner’s desk and all the other necessary equipment needed to start the workshop. He will work on special orders to serve local people. This start-up credit will be a great help for the family to increase their monthly income and improve their living conditions. Vakhtang thanks all Kiva lenders in advance.

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
  • 39
    View loans »
    Georgia Loans Fundraising
  • $7,906,225
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Vakhtang to start a joiner's workshop.
100% repaid
Repayment Term
23 months (Additional Information)
Repayment Schedule
Sep 27, 2013
Oct 30, 2013
Currency Exchange Loss:
Apr 16, 2014