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Iorami is a 26-year-old man, who lives in Gori city. He has only a disabled brother, who gets monthly assistance from the local government.

Iorami is a distributor in a private company and, monthly, he generates GEL 400. He has just rented a place for a general store and he has requested a loan for working capital.

His request has now been approved within the framework of an initiative between Kiva and Credo and he is able to use the start-up loan to set up the general store, located in the center of the town. The loan of USD 3,500 will help Iorami to purchase a stock of merchandise, such as groceries and household goods.

After the general store is opened, the family will have a stable income, which will enable them to cover everyday costs as well as expanding the business in the future. Iorami relies on the goodwill of the lenders and he awaits your support.

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
  • 51
    View loans »
    Georgia Loans Fundraising
  • $8,643,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $3,500 helped Iorami to purchase a stock of merchandise for his general store.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Dec 28, 2013
Jan 15, 2014
Currency Exchange Loss:
Feb 14, 2014