Check out some available loans that are similar to this one!
Zaza, 38 years old, is from the small village of Tskaltubo. He lives with his wife, 2 children and his mother. On several occasions, Zaza has requested loans from local financial institutions for a family business start-up, but has had no success. His loan requests were always rejected because of his low income and the family’s poor living conditions.

The family's only source of income is from agricultural activities. They have a cow, whose milk is used in dairy products, which they sell locally in an open market at a good price. However, it is hardly enough to feed the family. According to Credo estimations, the family belongs to the subsistence poor category.

Zaza requested a loan from Credo to start up a family business. His loan request was approved in the framework of a new joint initiative through Kiva and Credo. The start-up loan program envisages the provision of business start-up and re-startup credits with soft conditions to country rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of low income. Zaza will use this loan to purchase tires and an accumulator for his truck. After fixing up his truck, he will be able to get orders and transport goods. This will increase the family's income. The new business initiative, financed with the Kiva start-up loan, will significantly improve the family's 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
  • 45
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Zaza to purchase tires and an accumulator for his truck.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 13, 2012
Jan 3, 2013
Currency Exchange Loss:
Aug 17, 2013