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Davit is a 52-year-old married man. He lives with his wife, son, daughter-in-law, and pensioner parents in the small village of Khoni District. Davit is actively involved in agricultural activities. In particular, he has 2 cows, 2 calves, and a pig. David's wife milks the cows every day and produces cheese, which is sold to local markets at a good price. They also sell piglets.

As the income is only seasonal and not enough for the family, David decided to start his own business. The Start Up program, which is a joint initiative with Kiva and Credo, enables him to get a loan of $4,000 to purchase a car. Once the car is purchased, David will start a taxi business to serve the local people as a driver. The income of the family will be increased. This will help to cover every day costs and to improve their living conditions. David 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
  • 36
    View loans »
    Georgia Loans Fundraising
  • $7,912,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $4,000 helped Davit to purchase a car for a new taxi business.
43% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Dec 30, 2013
Feb 24, 2014
Currency Exchange Loss: