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Oleg is 57-year-old married man. He lives in a small village of the Sachkhere district with his wife and 3 children. The family is involved in agricultural activities. In particular, they have 2 cows and a calf. His wife milks the cows every day and produces cheese to sell.

In addition, Oleg has a vineyard and a 5-hectare plot of agricultural land, where he grows maize and haricot. Oleg is a very hardworking man and always has high quality products that are sold to local retailers.

He has a newly opened grocery and needs a minibus to supply his grocery with stock. The Start Up program, which is a joint initiative with Kiva and Credo, enables him to get a loan of $5,000 for purchasing a minibus. Once the minibus is purchased, he will be able to offer a wide range of products to his clients. The Start Up program will be a great support for 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
  • 38
    View loans »
    Georgia Loans Fundraising
  • $8,073,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $5,000 helped Oleg to purchase a minibus.
55% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Oct 30, 2013
Nov 9, 2013
Currency Exchange Loss: