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Mamuka is a 44-year-old man. He lives in Terjola with his wife, Irma, and two daughters.

Mamuka has his own agricultural activity and his wife also helps him to prepare the work profitably. One of his daughters is a student and the other is going to school. Mamuka’s monthly income is 237 Gel and Irma’s is 35 Gel. The family has four cows and they are selling cheese. Mamuka also cultivates the vineyard, making wine and selling it to the local market.

But they don’t have enough income to cover all the family's expenses. Mamuka decided to start a car business along with his agricultural activities. He wants to go to Germany and bring a car for sale. Mamuka thinks that business will be profitable, as there is a high demand on the market. This Start Up loan will give him a chance to increase his family 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
  • 42
    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 $3,000 helped Mamuka to begin to trade cars.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Nov 30, 2013
Dec 19, 2013
Currency Exchange Loss:
Jul 17, 2015