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Valerian is 31 years old and married. He lives with his wife in the Telavi district of east Georgia.

Nowadays the family is out of a source of income. Valerian decided to start a business and requested a loan. All the financial institutions rejected his loan requests because of his unstable financial condition and lack of experience.

After several unsuccessful attempts, he applied for the credit to MFO Credo. His request was approved in the framework of the Start Up program, which is a joint initiative with Kiva permitting the rural poor to start or re-start businesses.

A loan of USD 2,500 will help Valerian to purchase a second-hand car. He will serve the local people as a taxi driver and transport them inter-city.

Valerian is a very enthusiastic and hard-working person. This credit will be a great support for the family. Valerian is thankful to Kiva lenders for giving him a chance to generate income.

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
  • 40
    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 $2,500 helped Valerian to buy a car and begin a taxi business.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Oct 31, 2013
Nov 16, 2013
Currency Exchange Loss:
Dec 17, 2015