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Enver is a 59-year-old married man. He lives with his wife, 4 children, daughter-in-law and two grandchildren in Khelvachauri district. The only source of income for the family is from agricultural activities. In particular, Enver has a cow. His wife milks the cow every day and produces dairy products to sell. In addition, he has a plot of agricultural land where different types of vegetables are grown.

Enver is a very hard-working man and always has high quality products, which is sold to local retailers. As his existing income is not enough for such a big family, Enver decided to start a new business.

The Start Up program, which is a joint initiative between Kiva and Credo, enables Enver to get a loan of $5000 for starting his business. With the loan, he will rent a commercial space and purchase stocks of groceries to open a grocery store. He will have a chance to be involved in his own business and 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
  • 53
    View loans »
    Georgia Loans Fundraising
  • $8,637,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $5,000 helped Enver open a grocery store.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Aug 29, 2013
Oct 4, 2013
Currency Exchange Loss:
Nov 3, 2013