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Sulkhan is a 30 year-old married man. He lives in a small village in the Bolnisi district with his wife and six-year-old son. Sulkhan runs a food market with the help of his wife. His son will soon go to school and their income will not cover all the expenses, therefore he has decided to expand his business.

Sulkhan has sought credit from local financial institutions in the past, but his attempts have been unsuccessful because of his poor standard of living. Under a start-up program, which is joint initiative between Kiva and Credo, rural poor and inexperienced people are able to get a loan for starting or re-starting businesses. His application was approved under the framework of this program to get a loan of $3,600.

With the loan, he plans to purchase a truck and start trading fruits and vegetables. He will also sell fruits and vegetables in his shop and thus will be able to offer his clients a wider assortments of products. This will significantly increase sales and income will be increased. Thanks to the start-up program Sulkhan will be able to save and provide a better future for his son.

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
  • 38
    View loans »
    Georgia Loans Fundraising
  • $8,314,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $3,600 helped Sulkhan to purchase a truck and start trading fruits and vegetables.
Repayment Term
21 months (Additional Information)
Repayment Schedule
Aug 29, 2013
Sep 15, 2013
Currency Exchange Loss:
Oct 15, 2013