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Kakha is 42 years old. He lives in the Sachkhere District with his wife Ketino and his 14-year-old child who goes to school. He works as a security guard and his family also owns a milk cow. Ketino milks the cow every day and makes dairy products that are sold locally at the market. According to Credo estimates, the family belongs to the subsistence poor category. Kakha has requested loans from local financial institutions several times to fund a family business start-up, but his loan requests have been rejected because of his low income and the family’s poor living conditions.

Kakha is requesting a loan from Credo to purchase a car and start-up a family transportation business. His request was approved under the framework of a new joint initiative by Kiva and Credo. This loan program envisages provision of business start-up and re-startup loans with soft conditions for the rural poor, who do not have access to loan products as they are regarded as “high risk borrowers” because of low income. Kakha will work as a taxi driver in Sachkhere district where he will serve the locals and earn a daily income. His new business initiative, financed with his Kiva start-up loan, will increase his family's income and significantly 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
  • 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 $1,600 helped Kakha to purchase a car and work as a taxi drivier.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Feb 22, 2013
Mar 3, 2013
Currency Exchange Loss:
Aug 17, 2013