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Ivane, 67 years old and from the town of Telav, lives with his wife. The operator of a newly-started confectionery store that he runs with a partner, Ivane sells various pies and rolls. The store is located near a public school, and his regular clients are children. He also distributes his products to the local grocery stores, thereby earning a monthly income.

In order to develop business and increase sales, Ivane is requesting a loan from MFO Credo to purchase a stock of fizzy drinks and sweets to enlarge his product offerings to attract more customers and increase profit. A very enthusiastic man, Ivane hopes his initiative will be lucrative. He awaits your support.

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
  • 29
    View loans »
    Georgia Loans Fundraising
  • $8,567,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Ivane to add a stock of fizzy drinks and sweets to his store.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Oct 31, 2013
Nov 6, 2013
Currency Exchange Loss:
Aug 19, 2014