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Irakli is 37-year-old married man. He lives with his wife, daughter and pensioner mother in a small village of Lanchkhuti district. His wife is a teacher at the local school and gets a small monthly salary. Irakli has a newly opened food market and needs to purchase stock. The Start Up program, which is a joint initiative with Kiva and Credo, enables him to get a loan of $950. As the stock is purchased, he will offer a wide assortment of products to his clients, and the number of clients, as well as the family income, will increase. With increased income, Irakli will expand his market and will be able to improve his family life in the future. The Start Up program will be a great support for the 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
  • 39
    View loans »
    Georgia Loans Fundraising
  • $8,073,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $950 helped Irakli to purchase stock for his newly opened market.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Nov 27, 2013
Dec 15, 2013
Currency Exchange Loss:
Sep 18, 2014