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Zurab is 33 years old and lives in the village of Norio with his family: his wife, two school-aged sons and his father. Zurab breeds sheep and earns a living with an animal husbandry business. Zurab’s father is involved in a fuel trading business and sells benzene among the locals. He makes a monthly profit but the existing income is not enough for a family of five.

With this start-up loan, Zurab will purchase a truck and start a transportation service business. He will carry and transport different things depending on the needs and requests of his customers in order to generate income.

He hopes in the future to renovate the house and improve the living conditions for his family. Zurab would like to thank all Kiva lenders.

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
  • 52
    View loans »
    Georgia Loans Fundraising
  • $8,637,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $3,600 helped Zurab to purchase a truck and start a transportation service business.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jul 16, 2013
Aug 17, 2013
Currency Exchange Loss:
Sep 16, 2013