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Guram is 49 years old. He lives in the Telavi district with his wife, retired father and two sons (21 and 24 years old).

Guram has requested a loan from local financial institutions several times so he can start a family business. However, he has not had any success. His loan request was always rejected because of his low income and his family’s poor living conditions.

Guram's family runs an agricultural business. They have two milk cows, which they milk to be able to sell dairy products. They also have a vineyard and a plot of agricultural land. All the harvested products and dairy products are sold locally at the markets. In addition, Guram makes wooden chairs and sells them to the villagers to earn more money for the family.

Guram has requested a loan from Credo to start a family business. His loan request was approved within the framework of a new joint initiative of Kiva and Credo. The start-up loan program provides credit to the rural poor, who do not have access to credit products because they are regarded as “high risk borrowers” due to their low income.

With the received loan, Guram will purchase all the needed washing products and equipment to open a car wash business. His sons will be helping him so Guram will not have to pay a salary to somebody else. This will significantly decrease his expenses and increase his income. With the increased income, Guram will be able to better look after his aging father and provide a better future for his family.

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
  • 30
    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 $1,400 helped Guram to start a car wash business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 3, 2013
Apr 10, 2013
Currency Exchange Loss:
Dec 20, 2013