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Merab is 53 years old, married, and lives with his wife and retired mother in the Tkibuli district. The family has income from an Internet cafe run by Merab in his district. The existing revenue is only enough to cover everyday expenses. So, Merab decided to start up a grocery store to increase the family income, but he needs financial support to implement his plan.

Unfortunately, Merab lacks access to financial institutions to obtain credit for starting a business, as they require stable income and business experience. He received credit within the framework of a joint initiative of Kiva and Credo. The start-up program gives rural poor people the chance to start or re-start businesses. With the loan of $2,500, Merab will purchase basic groceries for starting a grocery store. His wife will work as a saleslady. With this assistance, the family will receive additional income and expand their business gradually. Merab awaits your kindness.

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
  • 39
    View loans »
    Georgia Loans Fundraising
  • $8,314,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Merab to purchase basic groceries for resale.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 16, 2013
Jul 24, 2013
Currency Exchange Loss:
Nov 18, 2013