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Besik is a 32-year-old, married man, with two children, living in a suburb of the capital city, Tbilisi. Besik’s wife stays at home, taking care of her children. Besik is self-employed and serves the people with his own car. He works on special orders and mainly tourists are his regular clients.

Unfortunately, several days ago his car was out of order and it’s impossible for Besik to continue working. He is requesting the credit to fix the car. Besik's request was approved in the framework of a start-up program, which is a joint initiative between Kiva and Micro Finance Organization Credo (MFO Credo), permitting the vulnerable poor to start or re-start businesses.

A loan of USD 650 will help Besik to pay for the maintenance of his car. He will continue working and will transport the passengers throughout the country.

Besik is a very enthusiastic and hard-working person, with a great desire to provide his children with a good education for progressing in life. This credit will be a great support for the family. Besik is thankful to Kiva lenders for giving him a chance to generate 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
  • 50
    View loans »
    Georgia Loans Fundraising
  • $8,643,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $650 helped Besik to repair the car and continue working as a driver.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 12, 2013
Jul 29, 2013
Currency Exchange Loss:
Mar 17, 2014