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Jaba is 46 years old. He lives in Zestaponi district with his 43-year-old wife, two sons and retired mother. Jaba has requested loans from local financial institutions several times for his family business start-up, but without any success. His loan request was rejected every time due to his low income and his family’s poor living conditions.

Jaba is a tinsmith worker. He fixes damaged cars (repairing the car body) on private orders and earns a small monthly salary. His family also has a milk cow and owns a vineyard. They use the cow for milk to make cheese. With the harvested grapes, Jaba makes vodka, which is sold together with the cheese locally at the markets.

Jaba has requested a loan from Credo to start-up his family business. His loan request was approved in the frame of a new joint initiative between Kiva and Credo. The start-up loan program envisages the provision of business start-up and re-start-up credits with soft conditions to the country rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of their low income. With the received credit Jaba will purchase an old damaged car. He already has some savings and needs this loan to add to the amount that he has. After buying a damaged car he will fix it himself and then sell it at a higher price. As he is already experienced in this field Jaba hopes he will earn a good profit to reinvest in the same business and buy more cars. This will significantly increase the family income and he will be able to provide better living conditions for them.

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
  • 45
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Jaba to purchase an old damaged car, fix it and sell it at a higher price.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 6, 2013
Apr 14, 2013
Currency Exchange Loss:
Feb 17, 2014