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29 years old Givi lives in Kobuleti district with his 25 year old wife, mother and two children (2 and 5 years old). Givi requested loan from local financial institutions several times for family business start-up, but without any success. His loan request was rejected all the time, because of low income and family’s poor living conditions.
Give is a mini-bus driver and works for a shop that sells fruits and vegetables to earn small income for the family. Also his mother is trading with clothes. She buys at the wholesale price from the big market in the capital city and resells them among the villagers.
Givi requested loan from Credo to start-up family business. Givi 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 Givi will purchase stocks of vegetables to start trading. He will by the products at the wholesale price from the resellers to sell it with the price markup at the local market, where he already has his own counter. Givi is already experienced in this field. He will earn a profit and use it for reinvesting and purchasing more verities of vegetables in order to expand the business. The new business initiative, financed with the Kiva Start-up loan will significantly improve the living conditions of the 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 $2,100 helped Givi to start trading with vegetables.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
May 21, 2013
May 23, 2013
Currency Exchange Loss:
Dec 17, 2014