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Gocha is a 45-year-old married man, from the village of Supsa. He lives with his parents, wife, and two school-aged children. Gocha's parents get monthly assistance from the local government. The family runs agricultural activities; in particular they have cattle and cultivate mandarin, nuts, and maize, which are sold locally.

Because of the lack of economic resources, Gocha wants to start his own private activity. The start-up program, that is a 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 1000 GEL to open a metal shop. He will serve locals and get private orders. This business will help Gocha to make a better life for his family, increase their income, and create 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
  • 45
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • 1.8
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Gocha to open a metal shop.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jan 27, 2014
Feb 24, 2014
Currency Exchange Loss:
Sep 24, 2014