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Giorgi is a 25-year-old hard-working man, who lives in Batumi city. He has parents and two student sisters. Giorgi's generated salary is the only source for this five-member family. Giorgi gets income from purchasing stock of coffee, grinds it and then supplies stores and shopping malls around the city. He serves clients with a hired car and gets private orders. This business initiative is lucrative for him, but he needs money for further development. Giorgi requested a loan of 3,000 USD for purchasing his own car and to save more income for himself.

The start-up program, that is joint initiative between Kiva and Credo, enables rural poor people to get a loan for starting or re-starting businesses. His application was approved under the framework of this program to get a loan and purchase a secondhand car. With this financial support, he will expand his distribution and attract more customers. Giorgi will be able to save and provide a better future for his family.

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
A loan of $3,000 helped Giorgi to buy a car and supply more stores with coffee.
Repayment Term
19 months (Additional Information)
Repayment Schedule
Dec 24, 2013
Jan 13, 2014
Currency Exchange Loss:
Feb 12, 2014