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David, age 34, is from the capital city of Georgia. He is single and lives with his mother, brother and sister-in-law.
David’s mother works as a baker at the local bakery and gets small monthly salary. In order to generate additional income, David plans to purchase a van and start a food distribution business. Specifically, he will buy rolls, pies, and other food products from the bakery at wholesale prices and then distribute these products to local groceries. He needs financial support for implementing his plan. The loan amount will be added to David’s savings and he will be able to purchase a used van. After the van is purchased, David will run his own business and make a profit to contribute to his family's well being. He hopes for your support and kindness.

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
  • 45
    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 David to buy a van for his food distribution business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Dec 3, 2013
Dec 30, 2013
Currency Exchange Loss:
Oct 22, 2014