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Murtaz, 50, lives with his wife and 18-year-old daughter in the village of Konchkati. The source of income for the family is small-sized agricultural business. Specifically, they grow citrus, nuts and maize on the family-owned piece of land and sell the harvest seasonally. Besides, Murtaz breeds two milk cows and one calf. In the grazing season, when cows milk well, Murtaz’s wife makes cheese for selling as well as family consumption.
In order to generate monthly income on his own, Murtaz decided to start up a grocery store near his house, but he found he didn’t have enough money to do so. With a loan of 3,100 USD, Murtaz will purchase stock of basic groceries to start a store. He owns commercial space and all the needed inventories, and Murtaz will save the rental costs. He and his daughter will work as salespersons and serve the clients in a friendly way. Murtaz is a very determined man and hopes his project will be lucrative. He awaits 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
A loan of $3,100 helped Murtaz to buy basic groceries and start store.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Oct 31, 2013
Nov 27, 2013
Currency Exchange Loss:
Jan 26, 2014