Check out some available loans that are similar to this one!
Mikheil is 24 years old. He is married and has an infant child. His father lives with Mikheil as well. Mikheil is the only one who earns money in his household. He is a construction worker and works on house renovations. He earns a small daily salary. Mikheil is a very hard-working and enthusiastic young man who wishes to get ahead.

In order to generate more income Mikheil decided to purchase a truck and work on firewood transportation in his free time. With the loan he hopes to receive, Mikheil will pay for the truck and start the new business. He will carry firewood from the forest, cut it and sell it among locals. His father will assist him in this business. A majority of Georgian villages use wood fuel for heating in the wintertime and now is the high season as people purchase supplies. Mikheil hopes he will earn a good income and ensure his family members with better living conditions. The family hopes for your kindness.

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
  • 51
    View loans »
    Georgia Loans Fundraising
  • $8,643,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $4,000 helped Mikheil to purchase a truck to transport firewood from the forest.
100% repaid
Repayment Term
23 months (Additional Information)
Repayment Schedule
Oct 31, 2013
Nov 6, 2013
Currency Exchange Loss:
Aug 17, 2015