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Irakli is 26 years old. He lives in village Kutiri, West Georgia with his family: wife (Shorena), 2-year-old daughter, and parents. The primary source of income for the family is a milk cow. Products of the cow are mainly consumed by the family members, but some surplus is sold locally. The family also owns 80 nut trees and sells nuts locally. Total average monthly income of the family is 200 Laris. According to Credo estimations, the family belongs to the subsistence poor category.

Irakli requested credit to start a trade business. He will purchase clothes and various household goods on wholesale markets of the nearby towns, and sell them in his and close villages. The income of the family will significantly increase and Irakli will be able to create better living conditions for his daughter, as well as other family members.

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
  • 29
    View loans »
    Georgia Loans Fundraising
  • $8,567,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Irakli to purchase clothing and household goods for resale.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Feb 20, 2012
Feb 29, 2012
Currency Exchange Loss:
Mar 15, 2013