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Vazha, age 50, is a maize farmer and a beekeeper. He also works for a local private company as a driver, and his salary generates approximately 250-300 Gel per month. He owns 0.4 hectares of farmland, where he grows his crops and keeps his single bee-hive. He is a very hard-working man who takes good care of the colony of bees in his bee-hive and cultivates his land seasonally. He is unmarried and lives in the Kvareli district of the Kakheti region.

Because he has gained good experience as a driver, Vazha wishes to start his own taxi business. After several unsuccessful attempts to obtain start-up credit, Vazha applied for credit from MFO Credo. His request was approved in the framework of the organization's start-up program, which is a joint initiative with Kiva serving poor rural entrepreneurs who hope to start or re-start businesses.

This loan of $2,500 will allow Vazha to purchase a second-hand car. He will serve the local people as a taxi driver and transport them to and from nearby cities. This credit will be a great support for him as he starts his new business.

Vazha is thankful to Kiva lenders for giving him a chance to generate a better income.

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
  • 40
    View loans »
    Georgia Loans Fundraising
  • $8,091,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $2,500 helped Vazha to buy a second-hand car to start his new taxi business.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Nov 30, 2013
Dec 21, 2013
Currency Exchange Loss:
Feb 19, 2014