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Omar is 36 years old and lives in Batumi city with his wife and two children (13 and 15 years old), who go to the local school. Omar works as a plumber locally and installs the central heating as well. Omar owns a two-story house in the city center, and he wants to supplement his family's income by renovating a room on the first floor of his house so he can rent it out. Several people have already expressed an interest in living there, but he has been unable to get a loan from several local financial institutions to pay for renovations. That is why he is requesting a loan from Kiva and Credo, which help people who do not qualify for conventional loans. He will use the loan to buy the materials he needs to renovate his house. Omar hopes that renting out this room will be profitable and increase his income so that he and his family can improve their standard of living.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Georgia

  • $6,100
    Average annual income
  • 50
    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 $2,000 helped Omar to renovate his house to rent it out.
100% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Jan 31, 2013
Feb 5, 2013
Currency Exchange Loss:
Jul 17, 2014