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Firuz is a 24-year-old married man from Urekhi district. He lives with his wife who works as a nurse and monthly generates 300 GEL. Firuz is a hard working and motivated person with great desire to provide financial stability for his little family. He works as an artisan with private orders and wants somehow to improve his income. Firuz decided to request a loan too open a fast food cafe. The start-up program, which is a joint initiative between Kiva and Credo, enables the rural poor and inexperienced 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 of 3,000 USD to purchase merchandise such as equipment, supplies and apparatus for preparing special traditional meals. This activity will help Firuz's work to be more productive, save money and arrange a better future for his family. 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
  • 39
    View loans »
    Georgia Loans Fundraising
  • $8,572,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $3,000 helped Firuz to purchase equipment and supplies to open a fast food cafe.
Repayment Term
21 months (Additional Information)
Repayment Schedule
Dec 23, 2013
Jan 16, 2014
Currency Exchange Loss:
Feb 15, 2014