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Leri is 40 years old and a married man. He lives in the capital city of Georgia with her wife Lali and infant child. Lali is unemployed; she is looking after their child and stays home. Leri served local people as a taxi driver and generates a small monthly income, which is not enough for a three-member family for covering everyday costs. There is high unemployment rate, but self-employment helps inhabitants to make living.

Leri also decided to start his own business with a loan, but the local credit providers usually demand experience and some stable income from borrowers. His credit requests were rejected several times, as he didn’t satisfy their requirements.

Leri received this credit in the framework of a joint initiative of Kiva and Credo, the so-called Start-up Program that gives rural poor people the chance to start or re-start businesses. With the loan of $4000, he will purchase second-hand cars, which are amortized and not in use and start selling the spare parts. He has already rented a commercial space, where he is going to open his auto spare parts shop and make additional income. This credit will be a great support for the family. Leri is thankful to Kiva Lenders for giving him a chance to increase their income.

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
  • 43
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $4,000 helped Leri to begin selling auto spare parts.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Jun 17, 2013
Jul 18, 2013
Currency Exchange Loss:
Sep 17, 2014