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Gocha is 27 years old. He lives with his parents and grandmother in a small village in Khulo district. His grandmother is provided with a retirement pension. The family has a cow. Gocha's mother milks the cow every day and produces cheese to sell. They also have a plot of agricultural land, where maize and walnut trees are grown. They always have high-quality products, which are sold to local retailers. Along with these agricultural businesses, Gocha decided to start a transportation business. He sought a loan, but the local credit providers usually demand experience and some stable income from the borrowers. His credit requests were rejected several times, as he was unable to satisfy their requirements. Gocha received the credit in the framework of a joint initiative of Kiva and Credo - a startup program that gives rural poor people the chance to start or re-start businesses. With the received loan of $2800, Gocha will purchase a minibus and start a transportation business. He already has a driver's license. Gocha hopes that the business will be profitable and that he will be able to 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
  • 48
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,800 helped Gocha to purchase a minibus.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Aug 22, 2013
Sep 24, 2013
Currency Exchange Loss:
Oct 17, 2015