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Grigol is a 57-year-old married man. He lives with his wife in a small village of Zestaponi district. Grigol is involved in agricultural activities. In particular, he has three cows and three calves. His wife produces cheese to sell. In addition, Grigol has a vineyard and sells wine.

Grigol requested a loan to start a new business. The Start Up program, which is a joint initiative between Kiva and Credo, enables him to get a loan of 3,000 GEL. With the received credit, he will rent a space, renovate it, and open a shoe workshop.

He had worked in a shoe workshop and is experienced in this field. He will get orders to make different kinds of shoes. The Start Up program will enable him to be involved in his own business and thus increase the income 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
  • 35
    View loans »
    Georgia Loans Fundraising
  • $8,323,825
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD
A loan of $1,825 helped Grigol to open shoe workshop.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Aug 27, 2013
Oct 2, 2013
Currency Exchange Loss:
Nov 1, 2013