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Akper is a 46-year-old, married man. He lives with his wife and two sons in the small village of Sagarejo district. His elder son is a student and another is working locally as a hired worker.

Akper is an artisan and works on building construction. Since the existing income is not enough for his four-member family, he decided to start his own business. All the financial institutions rejected his loan requests because of his unstable financial conditions and his lack of experience.

After several unsuccessful attempts, Akper applied for the credit to Micro Finance Organization Credo (MFO Credo). His request was approved in the framework of a start-up program, which is a joint initiative with Kiva, permitting the rural poor to start or re-start businesses.

With the loan of USD 5,000, Akper will purchase five milking cows and two calves. As the cattle are purchased, his wife will start producing dairy products, which will be sold locally, at a good price. This will be additional monthly income for their family.

As the income will be increased, the family will be able to improve their living conditions as well expand the business for the future. With support of the start-up program, Akper 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
  • 45
    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 $5,000 helped Akper to purchase five milking cows and two calves.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 19, 2013
Jul 25, 2013
Currency Exchange Loss:
Jul 17, 2015