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Galib is a 33-year-old married man. He lives with his wife and mother in a small village of the Bolnisi District. Galib is involved in agricultural activities. In particular, he has a plot of agricultural land where potatoes and maize are grown. He is a very hardworking man and always has high quality products which are sold to local retailers at a good price. In addition, he sometimes works as an artisan and earns income.

Galib decided to start his own business and requested a loan. The start-up program, which is a joint initiative between Kiva and Credo, enables him to get a loan of 2,000 USD to purchase a minibus. As the minibus is purchased, he will trade fruits and vegetables, and he will increase the income of 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
  • $7,807,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Galib to purchase a minibus.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 8, 2013
Nov 8, 2013
Currency Exchange Loss:
Jul 2, 2014