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Sarkis is a 30-year-old man. He lives with his parents and his brother and sister-in-law in a small village in Marneuli district. His father receives a retirement pension. Sarkis is involved in agricultural activities. He has two pigs, a vineyard and 0.8 hectares of land where persimmon trees are grown. He is a very hardworking man and has always high quality products, which are sold to local retailers. Sarkis decided to begin trading in fruits and vegetables and applied for a loan. The Start Up program, which is a joint initiative between Kiva and Credo, enabled him to obtaina loan of 2,000 GEL in order to purchase a stock of fruits and vegetables. He will buy and then resell them in various villages by car. The Start Up program will provide great support for Sarkis to increase his 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
  • 39
    View loans »
    Georgia Loans Fundraising
  • $8,578,400
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD
A loan of $1,225 helped Sarkis to begin trading in fruits and vegetables.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Aug 29, 2013
Sep 28, 2013
Currency Exchange Loss:
Oct 28, 2013