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Giga is 21 years old. He lives in Khoni, West Georgia. Giga lives with his parents. Both of them are music teachers. Giga is also a musician. He plays drums and accordion. At the moment Giga works as accordion player in a local song and dance company. The musical instrument used by Giga belongs to the company. He earns 100 Laris per month. Giga works 4 days a week.

His family's total monthly income is 330 Laris. According to Credo estimations, the family belongs to the vulnerable poor category.

Giga requested credit for purchasing an accordion. Giga’s loan was analyzed in the terms of a new joint initiative of Kiva and Credo. This start-up loan program will provide business start-up credits with soft conditions to the rural poor. These borrowers do not have access to standard credit products, being regarded as “high risk borrowers” because of low income. With his own accordion Giga will be able to play at parties, as well as other cultural events held in the district, and earn additional income. The new source of income will allow Giga to improve his living conditions.

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
  • 46
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Giga to purchase an accordion.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Mar 28, 2012
Apr 9, 2012
Currency Exchange Loss:
Apr 17, 2013