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Roin is a 36-year-old man. He lives with his mother in the capital city of Georgia, Tbilisi. His mother is provided with a retirement pension of 125 Gel per month. Roin is unemployed now and his relatives help him to cover everyday costs. He decided to start his own taxi business and requested a loan to purchase a used car. The Start Up program, which is a joint initiative with Kiva and MFO Credo, gives him a chance to get a loan of $1000 for purchasing a used car. He already has a driver’s license and after purchasing a car, he will serve people as a taxi driver. His calm demeanor will help him while driving. Roin will be able to generate income and improve the living conditions of 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
  • 42
    View loans »
    Georgia Loans Fundraising
  • $8,567,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Roin to purchase a used car.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 21, 2013
Sep 23, 2013
Currency Exchange Loss:
Sep 17, 2014