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Amiran is 59 years old. He lives in Zestaponi District with his wife, Maro, and his retired mother. Amiran requested a loan from local financial institutions several times for a family business start-up, but without any success. His loan request was rejected all the time because of low income and the family’s poor living conditions.

Amiran has a vineyard and a small plot of agricultural land, where different kinds of vegetables are grown. Harvested products are sold at the local markets. The family's additional income is from Amiran’s and Maro’s monthly salaries. Amiran is a fencing teacher, and he gives private lessons. His wife, Maro, is an accountant.

Amiran requested a loan from Credo to start up a family business. Amiran has now been approved for a loan within the framework of the new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to rural poor people, who do not have access to credit products. These rural poor people are regarded as “high-risk borrowers” because of their low income.

With his credit, Amiran will purchase chicks. He wants to start a new poultry business and increase the family's monthly income. When the chicks are grown, Amiran will sell them at a higher price and earn a good profit. Part of the profit will be used for reinvesting in the same business and another part for improving the family's livelihood.

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
  • 29
    View loans »
    Georgia Loans Fundraising
  • $8,567,900
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,550 helped Amiran to purchase chicks for reselling.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 16, 2013
May 23, 2013
Currency Exchange Loss:
Sep 17, 2013