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Gocha is a 42-year-old married man from the village of Akhalsheni. He lives with his wife and school-aged son. Gocha's wife is a cook at a private dining-room and monthly generates 350 GEL. Gocha is involved in agricultural activity. He works hard on family-owned agricultural land, growing citrus and vegetables. He always has high quality products, which are sold to local retailers for a good price.

As he has only seasonal income, Gocha decided to start a taxi business and seek credit among local financial institutions. The start-up program, that is joint initiative between Kiva and Credo, enables 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 300 USD for purchasing a car to serve local people as a taxi driver. The new business initiative will give Gocha a chance to have financial stability and a monthly income. 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
  • 42
    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 Gocha to purchase a car and start a taxi business.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jan 15, 2014
Jan 23, 2014
Currency Exchange Loss:
Feb 22, 2014