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Mamuka is a 46-year-old man from the village of Guturi. He lives with his wife, son and daughter-in-law, who is a student. His wife is a teacher and generates 420 GEL per month. Mamuka is extensively engaged in the agribusiness, which is the most important source of their family's income. For more than 10 years, Mamuka has been involved in cattle breeding and in cultivation of maize and nuts. They sell the agricultural products in the local market. As it becomes harder to earn a living over time, Mamuka wants to somehow expand his agribusiness in order to more effectively meet the daily costs of his family. A loan of 3,000 GEL will be a great support to this hard-working man and his family, enabling him to purchase stock of merchandise for his newly-opened grocery store. He has already purchased some of them and now he has requested a loan for working capital. Mamuka and his family rely on the goodwill of the lenders and would greatly appreciate their 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
  • 41
    View loans »
    Georgia Loans Fundraising
  • $7,896,375
    Funds lent in using Kiva
  • 1.8
    Georgia Lari (GEL) = $1 USD
A loan of $1,700 helped Mamuka to have money for working capital.
Repayment Term
21 months (Additional Information)
Repayment Schedule
Dec 28, 2013
Jan 17, 2014
Currency Exchange Loss:
Feb 16, 2014