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Tarieli
Tarieli is a 44-year-old married man who lives in Samtredia, West Georgia. He lives with wife and a little son. Tarieli's wife is a cleaner in a restaurant and gets 200 GEL monthly. Tarieli works as a driver for road construction. He has several private orders during the month. Approximately his income consists 300 GEL per month. However, this income is hardly enough for the family, considering the fact that Tarieli can generate more if he has a vehicle and works as taxi driver everyday, in parallel to his present activities.

Tarieli has now been approved for a loan within the framework of a new joint initiative between Kiva and Credo, that helps rural people to start or restart businesses. This loan is very important for Tarieli to be able to start providing taxi service and gain more income for his family. He awaits your support.

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.

Tags

About Georgia

  • $6,100
    Average annual income
  • 73
    View loans »
    Georgia Loans Fundraising
  • $7,714,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $1,500 helped Tarieli buy a car to start a taxi business.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 24, 2013
Listed
Dec 26, 2013
Currency Exchange Loss:
N/A
Expired:
Feb 24, 2014