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George is a 25-year-old married man. He lives with his wife, two infant children, mother and grandmother in a small village of Mtskheta district. The family runs a small shop, which is placed near their house. They sell groceries and food stuffs, such as sugar, flour and so on. This is the only source of income for the family, which is not enough to cover everyday costs. George decided to purchase a car and start a taxi business. The Start Up loan, which is a joint initiative with Kiva and Credo, enables him to get a loan of $2700 to purchase a car. When the car is purchased, he will serve people as a taxi driver and will be able to increase his income. With the increased income he will provide a better future for his children.

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
  • 37
    View loans »
    Georgia Loans Fundraising
  • $8,314,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,700 helped George to purchase a car and start a taxi business.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Sep 28, 2013
Nov 3, 2013
Currency Exchange Loss:
Mar 19, 2015