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Ramaz is a 46-year-old married man, who lives in village Akhalisopeli, Khelvachauri district. He lives with his wife, daughter and mother, who get monthly assistance from the local government. The family has income from agricultural activities, in particular they have milk cows, produce milk products, and sell them at the local market. Ramaz always has high quality products and has his own constant clients. He has also cultivated mandarin and sells it seasonally.

Ramaz is really hard-working man with great desire to improve his family's living conditions and make a better future for his daughter. He has not amassed enough money to start another stable activity, so he requested a loan from MFO Credo, with the startup program that enables people to start or re-start businesses.

A loan of $3000 will help him to purchase a second-hand car and start a taxi business. It will be a huge support for the family, as they will not depend on seasonal income and can pay all daily costs. Ramaz 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.

About Georgia

  • $6,100
    Average annual income
  • 40
    View loans »
    Georgia Loans Fundraising
  • $7,802,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $3,000 helped Ramaz to purchase a car and start taxi business.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 11, 2013
Jan 9, 2014
Currency Exchange Loss:
Feb 8, 2014