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Elvin is a 26-year-old married man. He lives in a small village of Marneuli district with his wife, mother and pensioner grandmother. The family runs an agricultural business. In particular, they have 0.3 hectares of land and grow potatoes, tomatoes and maize. They sell the harvested products. In addition, Elvin works on renovation with a group of people and shares the profit with them.

Elvin decided to start his own business and purchase renovation equipment. The Start-Up program, which is a joint initiative between Kiva and Credo enables him to get a loan of 3,000 GEL for equipment. He will work for himself and will 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
  • 48
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD
A loan of $1,825 helped Elvin to purchase equipment to do renovations.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 27, 2013
Sep 30, 2013
Currency Exchange Loss:
Oct 30, 2013