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Goga
Goga is a 22-year-old married man from Kutaisi city. He lives with his just-married wife, who is a housekeeper. Goga is involved in a distribution business. He works at a private company and monthly generates 400 GEL (Georgia lari).

In order to more efficiently meet all daily costs, Goga wants to start his own private activity. He requested a loan from Credo. The start-up program helps people like Goga to get a chance for starting or restarting businesses. His requested loan was approved for $1,600 USD for purchasing used car parts and start trading in them. This new business will give him financial stability and better living conditions for his newly created 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.

About Georgia

  • $4,600
    Average annual income
  • 78
    View loans »
    Georgia Loans Fundraising
  • $6,884,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $1,600 helped Goga to start a used car parts business.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 26, 2013
Listed
Jan 22, 2014
Currency Exchange Loss:
N/A
Expired:
Feb 21, 2014