Check out some available loans that are similar to this one!
Zaza lives in the capital city Tbilisi. He is 49 years old, married, and lives with his wife, Ekaterine, three children (2, 10, and 12 years old) and his mother. Ekaterine works as a nurse and Zaza’s mother is provided with a retirement pension. The elder children are public school attendants.

Zaza is a taxi driver and earns daily income with his car. He decided to start his own business, but his savings are not enough to cover all the needed expenses. Zaza’s loan request was approved in the frame of a new joint initiative of Kiva and Credo.

The start-up loan program envisages provision of business startup and restartup 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.

With the received credit, Zaza will start up the taxi company. He will purchase transmitters and install them in the cars. He has already registered the taxi company in his city and obtained the business license. Zaza will hire reliable and polite taxi drivers and pay the service fee. He hopes that his project will be profitable, as he has rich experience in this field. The new business initiative will increase family income, and they will have enough income to access regular credit products available in the country’s capital market, in case of need.

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
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Zaza to start up a taxi company and purchase transmitters.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Feb 26, 2013
Mar 1, 2013
Currency Exchange Loss:
Oct 17, 2013