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Zviad is a 31-year-old young man, who lives in Kutaisi, west Georgia. He lives with his wife, school-aged son and mother-in-law. His mother-in-law is a housekeeper but his family's primary source of income is his wife's work serving clients as a manicurist at a salon. However, a four-member family cannot live only under this insignificant salary.

Zviad decided to contribute to the welfare of the family and start his own activity. He sold his second flat in order to buy a mini-bus for serving clients as a driver and to generate some income to increase his family's standard of living.

Zviad applied for a loan through MFO Credo, and was approved under the framework of a start-up program. This program is a joint initiative with Kiva that permits the rural poor to start or re-start businesses. A loan of $2,000 will help him to pay the mini-bus toll and then start a mini-bus line service. Zviad hopes to offer his family a higher quality of life and a more stable financial 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
  • 34
    View loans »
    Georgia Loans Fundraising
  • $8,323,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Zviad to pay the mini-bus toll and start a mini-bus line service.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Dec 18, 2013
Dec 29, 2013
Currency Exchange Loss:
Jan 22, 2015