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Vazha is from Persati, a village located in western Georgia. He is thirty-two years old and married. Vazha lives with his parents, sister, retired grandmother, wife, and two toddlers.

To earn a living, Vazha operates a distribution business. Specifically, he buys various fertilizers and animal feed in bulk at the capital city market and distributes the products in his district and neighboring towns. Although Vazha works hard, his earnings are still modest and hardly enough to cover the expenses of his large family.

In order to generate more funds, Vazha plans to open a store in his district that sells fertilizers and animal feed. He has already rented a commercial space and installed the shelves. Vazha's plan is to both operate a store and continue distribution.

This business initiative will increase the family's income and allow them to improve their standard of living 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
  • 29
    View loans »
    Georgia Loans Fundraising
  • $8,567,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $2,100 helped Vazha to start a store that sells fertilizers and animal feed.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Nov 29, 2013
Dec 22, 2013
Currency Exchange Loss:
Feb 20, 2014