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Irodi lives in the village of Akhalisopeli. He is 40 years old, married and lives with his wife, school-age son and retired father. Irodi earns a living through his agricultural business and breeds two milk cows and two calves. He also grows maize and nuts and sells the harvest seasonally. Moreover, the family owns beehives with bee colonies and sells honey at the local open market. His agricultural business is successful, but the family needs a stable monthly income.

Irodi decided to start another business as their existing income is seasonal. His loan request was approved under the framework of a new joint initiative between Kiva and Credo. With the received credit, Irodi will purchase a car and serve the local people as a taxi driver. He will earn a daily income and cover the household expenses. The income of the family will increase and they will be able to improve living conditions in the future.

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
  • 28
    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 $2,100 helped Irodi to buy a car and start a taxi business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Oct 31, 2013
Nov 24, 2013
Currency Exchange Loss:
Apr 18, 2014