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Zurab is a 32-year-old married man. He lives in a small village of Khashuri district with his wife, two sons and parents. Zurab is involved in a husbandry business. He has cows and produces cheese to sell at local markets. In addition, he has rented out room when there are some tourists and gets a small income. As the income is not stable, Zurab decided to request a loan. The Start Up program, which is a joint initiative with Kiva and Credo, enables him to use $3,000 to purchase a minibus. As the minibus is purchased, he will serve people to transport on the minibus line and will be able to increase the income of his family. The Start Up loan will be a great support for the 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
  • 39
    View loans »
    Georgia Loans Fundraising
  • $8,578,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Zurab to purchase a minibus and work on a minibus line.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 7, 2013
Nov 8, 2013
Currency Exchange Loss:
Feb 17, 2015