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Anzor is from the village of Akhalsopeli in the Kakheti region of East Georgia. He is 63 years old and lives with his 16-year-old son and two grandchildren of 11 and eight years. Anzor’s grandchildren go to school. Anzor has requested loans from local financial institutions several times to fund the start-up of his agricultural business without any success. His loan requests were rejected each time due to his low income and his family’s poor living conditions.

The family's only source of income of the family is Anzor's monthly salary. He is an agricultural worker in the village. The family's monthly income doesn’t exceed 200 GEL, or approximately 120 USD. It is hardly enough to feed a four-member family. According to Credo estimations, the family belongs to the subsistence-poor category.

Anzor is requesting this loan through Credo to start a pig farm. His loan request was approved in the frames of the new joint initiative between Kiva and Credo. The start-up loan program envisages the provision of business start-up and re-startup credits with soft conditions to the country's rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of their low incomes.

With the loan, Anzor will purchase piglets and feed. He will place his piglets in an old empty pig farm located in his yard. Anzor will work hard in the farm and, after 6 months, he will be able to sell first piglets. The new business initiative, financed with the loan, will significantly increase the income of his family. Anzor will be able to create better living conditions for his son and grandchildren.

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
  • 38
    View loans »
    Georgia Loans Fundraising
  • $8,073,000
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Anzor to purchase piglets and feed.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jun 21, 2012
Jun 29, 2012
Currency Exchange Loss:
Mar 15, 2013