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Eka is from village Tkhiltskaro, Southern part of Georgia. She is 32 years old and lives with her husband Gogita and three children: a 5 year old son, and two daughters (1 and 2 years old). Eka and Gogita requested a loan from local financial institutions several times for agricultural business start-up, but without any success. Her loan request was rejected each time, because of low income and the family’s poor living conditions.

The only source of the income for the family is Gogita’s salary. He works as shepherd in the village and gets 150 Laris per month. It is hardly enough on food for 3 children. According to Credo estimations the family belongs to the vulnerable poor category.

Eka has requested a Credo loan for the start-up of an agricultural business. Her loan request was approved in the frames of a new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credits with soft conditions for the country's rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of low income.

Eka will place the purchased calves in an old cattle-shed located in the family yard. She will raise them and, after 12 months, will start milking them. Eka will start production of cheese and she will sell it at the open market of the nearby town. As a result of the new business initiative, implemented with the assistance of Kiva, the income of the family will increase by 200%. Eka and Gogita will be able to create better living conditions for their children and themselves.

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
  • $7,931,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Eka to purchase calves for the start-up of a dairy farm.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jun 21, 2012
Jun 27, 2012
Currency Exchange Loss:
Jan 18, 2014