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Sirakan, age 24, is from the village of Satkha, and lives with his wife, infant child and parents. He is Armenian, but his family has lived in Georgia for years. Sirakhan works as a manufacturer at the local metal and plastic workshop and gets a monthly salary. His earnings are modest and hardly enough to cover food and household expenses.

In order to generate stable monthly funds, Sirakan plans to pay for a kiosk where he will start a small store. He will also buy stock of merchandise and various food products to sell among the community members. His family members will help him to run the business.

Sirakan hopes his business initiative will be lucrative and increase the family income. He hopes for your kindness.

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
  • US Dollars
    Loan transacted in USD
A loan of $3,000 helped Sirakan to pay for a kiosk and start a grocery store there.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 19, 2013
Dec 21, 2013
Currency Exchange Loss:
Feb 19, 2014