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Lasha is from the Terjola district, West Georgia. He is 31 years old, married, and lives with his wife and two children. Lasha earns a living through bread distribution. He buys bread in the early morning from the local bakery and then distributes them to local food markets. His earnings are modest, and he doesn’t manage to save money.

Lasha will start a bakery with the received loan. His wife is good at baking and wishes to sell the products to the local people. Lasha will purchase construction materials and renovate a small store that is located near his house. He will also purchase an oven and raw materials to bake various kinds of cookies. He will sell the cookies along with the bread and generate an income. Lasha hopes that his business will be lucrative and he will be able to improve the standard of living for his family members in the future. He hopes for your generosity.

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
  • 48
    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 $2,500 helped Lasha to start up a bakery.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Oct 28, 2013
Nov 25, 2013
Currency Exchange Loss:
May 24, 2014