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Boris is 31 years old and a married man who lives in the city Rustavi with his wife and little child. His wife is a homemaker and looks after her baby. Their only source of income is Boris's parents' help from the village where they run agricultural activities. Boris and his family have just settled in the city and he can't find any state job, despite his secondary education.

Boris applied for this credit to MFO Credo. His request was approved in the framework of Start Up program, which is joint initiative with Kiva, permitting the rural poor to start or re-start businesses. Boris decided to start up a private activity. He will purchase a car that he has already chosen and start a taxi business. He will serve local people and will get daily returns. It will help Boris to satisfy his family's increased needs and provide financial stability.

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 $2,000 helped Boris to buy a car and start a taxi business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Dec 13, 2013
Jan 9, 2014
Currency Exchange Loss:
Jul 17, 2015