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Gocha is a 31-year-old married man. He lives with his wife, Iamze, and 4-year-old son, Vika. Iamze and Vika are internally displaced persons and get a pension of 28 GEL each. Gocha is involved in the trading business. He purchases dishes in Kutaisi and sells them among the villagers. He requested a loan to purchase stock, such as plates, cups and souvenirs, but Gocha lacks access to capital markets and financial institutions to obtain credit for his business, as they require a stable income. The Start Up program created by Kiva and Credo enabled him to get a loan of $900. With this loan he will purchase stock to expand his business, which will increase his income, and his wife will help him. With the increased income Gocha will provide better living conditions for his family.

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
  • 39
    View loans »
    Georgia Loans Fundraising
  • $8,578,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $900 helped Gocha to purchase a stock of dishes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 21, 2013
Sep 23, 2013
Currency Exchange Loss:
Jul 18, 2014