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Merab is a 53-year-old married man. He lives with his wife in a small village in the Mtskheta district. Merab works physically. He gets orders to repair houses and gets a small income. This is the only source of income for his family. As the income is not stable, Merab decided to start a poultry business. He purchased 200 chicks and wants money to build a shed for them. The Start Up program, which is a joint initiative between Kiva and Credo, enables him to get a loan of 1,500 GEL. As the chicks are raised, Merab will sell the hens and expand his farm. The Start Up loan will be a great help to his 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
  • 37
    View loans »
    Georgia Loans Fundraising
  • $7,812,050
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $900 helped Merab to purchase materials to build a shed for his poultry.
95% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Oct 26, 2013
Nov 6, 2013
Currency Exchange Loss:
May 17, 2015