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Amiran is a 51-year-old married man who lives in the small village of Tsirkvali with his wife, two sons, daughter-in-law and a grandchild. Amiran is welder. He works at the local area and gets a monthly salary. His younger son is a taxi driver, and the elder works as a laborer at the warehouse located near their house. They earn monthly income as well.

Amiran and his family members work hard all day long to earn a living, but their existing income is not enough to cover food and everyday expenses of such a large family. That is why Amiran decided to start his own business. All of the financial institutions rejected his loan requests because of his unstable financial conditions and lack of experience. After several unsuccessful attempts, Amiran applied for credit from MFO Credo. His request was approved in the framework of a Start Up program, which is a joint initiative with Kiva. This program enables the vulnerable poor to start or re-start businesses.

A loan of $2,800 will help him to purchase a minibus. Once the minibus is purchased, he will work on the minibus line and increase the family income. With the increased income, he will be able to improve the living conditions of his family members.

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
  • 48
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $2,800 helped Amiran to purchase a minibus and work on a minibus line.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jul 25, 2013
Aug 25, 2013
Currency Exchange Loss:
Sep 24, 2013