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Sarkhan is 28 years old, married, and one child. He lives in Marneuli District with his wife, child, parents, and retired grandmothers. Sarkhan earns a living through his agricultural business. The family has a vineyard and a plot of land where alfalfa is grown. The harvested products are sold in the village. He also runs a small dairy farm with four calves and two milk cows, whose milk is used in dairy products. The family sells the dairy locally.

Sarkhan is requesting a loan, which he will use to purchase a mini-bus to transport the passengers between his village and Baku. His loan request was approved in the framework of the new joint initiative between Kiva and Credo. This start-up loan program envisages provision of business start-up and re-startup loans with soft conditions to the country rural poor, who do not have access to loans and who are regarded as “high risk borrowers” because of their low income.

With the loan, Sarkhan will be able to start a new business providing transportation services to the Marneuli District population. The income of the family will increase and they will be able to improve their 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
  • 53
    View loans »
    Georgia Loans Fundraising
  • $8,637,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $5,000 helped Sarkhan to purchase a mini-bus for providing transportation services.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 3, 2013
Jan 11, 2013
Currency Exchange Loss:
Feb 17, 2014