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Nika, age 28, is from a suburb of Tbilisi city. He is single and lives with his parents and two sisters. Nika is employed at a furniture workshop and gets a small monthly salary. He works hard there but often the employer is not able to pay him. That is the reason why Nika decided to start up his own workshop and make furniture. He has already hired a garage where he plans to start his workshop. His father will assist him in this business since he makes furniture as well and has proper experience in that field.

With the received amount, Nika will purchase all the needed equipment and make furniture for sale: sofas, chairs and other items. He hopes his project will be lucrative and have many orders. Nika will generate stable income and be financially independent.

He is a hard-working and enthusiastic young man who wishes to get ahead. Nika hopes that his life will change after the Kiva loan.

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
  • 45
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Nika to start up a furniture workshop.
100% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Oct 23, 2013
Nov 9, 2013
Currency Exchange Loss:
Apr 17, 2015