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Solomon is 56 years old, married, and has two adult children. He is from the small village of Gurjaani district. Each member of the family is actively involved in agricultural activities. They have two pigs and a vineyard. They sell piglets seasonally and produce wine.

As the existing income is not enough for a four-member family, Solomon decided to get a loan. All the financial institutions rejected his loan requests because of his unstable financial conditions and lack of experience. After several unsuccessful attempts, Solomon applied for a loan from MFO Credo. His request was approved in the framework of the Start Up program, which is joint initiative with Kiva, permitting the rural poor to start or re-start businesses. With a loan of 3,000 GEL, Solomon will be able to purchase a car and serve local people as a taxi driver. With support of the Start Up program, he will get an opportunity to be involved in his own business and tackle the financial difficulties.

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
  • 46
    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 $1,825 helped Solomon to purchase a car and serve local people as a taxi driver.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 8, 2013
Jul 24, 2013
Currency Exchange Loss:
Nov 17, 2014