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Varlam, age 43, is from Kutaisi city, West Georgia. He is married and has two school-aged children. Varlam’s retired father lives with him as well.

Varlam is unemployed at the moment and is seeking a job but his attempts have been unsuccessful in spite of his higher education. Varlam’s wife is the only person who makes money in the household. Specifically, she works as a teacher locally and earns nearly $175 per month.

In order to generate funds for his family's well-being, Varlam decided to purchase a car and start a taxi business. He has experience in driving and hopes his business will generate income. He wishes to provide his family members with better living conditions and give them what they need. 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
  • 52
    View loans »
    Georgia Loans Fundraising
  • $8,637,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Varlam to buy a car and start a taxi business.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Oct 28, 2013
Nov 21, 2013
Currency Exchange Loss:
Feb 17, 2015