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Zaza is 23 years old. He lives in Batumi, in western Georgia, with his retired father, his brother Revaz and sister-in-law Irma, and a nephew who is going to school. Zaza requested a loan from local financial institutions, several times, for a family business start-up, but without any success. His loan request was rejected each time, because of low income and the family’s poor living conditions.

Zaza’s brother is working at a fuel station as an operator, and his sister-in-law works as a cashier at the local beer factory. They each get a small monthly income, but together they do not earn enough to feed the family and cover monthly expenses.

Recently, Zaza requested a loan from Credo to start up a family business. His loan request was approved, in the frame of a new joint initiative of Kiva and Credo. The initiative envisages provision of business start-up and restart-up credit, with soft conditions, to rural poor people who do not have access to ordinary credit products, being regarded as “high risk borrowers” because of low income.

With the received credit, Zaza wants to open a car painting shop. He will rent a place and purchase all the needed equipment to paint cars. Zaza is a very hard-working man, and he wants to help his brother and sister-in-law in covering monthly living expenses of the family. He will work hard and earn a good profit. Part of the profit he will reinvest in the same business, for future expansion, and another part he will use currently, for the family's well-being

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
  • 28
    View loans »
    Georgia Loans Fundraising
  • $8,567,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,100 helped Zaza to rent a place and purchase all the needed equipment for a new business, painting cars.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Mar 26, 2013
Mar 31, 2013
Currency Exchange Loss:
Jan 18, 2014