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Vazha is 53 years old and married. He lives in a small village of Kvareli district with his wife and two children. His wife is a housekeeper and his daughter works as a saleslady at local market. His son is a physical worker and gets a small monthly income.

Vazha is actively involved in agricultural activities. In particular, he has 1.4 hectares of agricultural land, where melon and maize are grown. Vazha works hard and always has high-quality products, which are sold to local retailers for a good price.

As the family has only seasonal income, he decided to start a new business and seek credit among local financial institutions. His attempts were unsuccessful, though, because of his poor living conditions.

The startup program that is a joint initiative between Kiva and Credo enables the rural poor and inexperienced people to get a loan for starting or re-starting businesses. Vazha's application was approved under the framework of this program for a loan of US$ 2,600. With the credit he will start trading in fish and meat. He will purchase from wholesalers and then resell at higher prices.

This will increase the income of his family. The new business initiative will give Vazha chance to have financial stability and a regular monthly 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
  • 43
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $2,600 helped Vazha to begin trading in fish and meat.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 21, 2013
Sep 14, 2013
Currency Exchange Loss:
Oct 14, 2013