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Suliko
Suliko is 52-year-old married man. He lives in a small village of Keda district with his wife and two children. Both of his children are employed at local supermarkets and get a small monthly income, which is the only source of income for the family.

Suliko decided to start his own business and requested a loan. The Start Up program, which is a joint initiative with Kiva and Credo enables him to get a loan of $3000 for purchasing a minibus. When the minibus is purchased, he will be able to transport people and generate income. With increased income he will be able to cover everyday costs of the family and thus improve their living conditions. Suliko 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
  • 37
    View loans »
    Georgia Loans Fundraising
  • $7,812,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Suliko to purchase a minibus and transport people.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 26, 2013
Listed
Jan 9, 2014
Currency Exchange Loss:
N/A
Ended:
Apr 17, 2015