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Dato is 41 years old and lives in a small village of the Akhmeta District, East Georgia. Dato is a widower who lives in the village with his 19-year-old son and 17-year-old daughter. He requested a loan from local financial institutions several times for an agricultural business start-up but without success. His loan request was rejected because of low income and family’s poor living conditions.

Dato’s daughter goes to school. Dato and his son work as agricultural workers in the village. They earn on average 150 Laris per month and it is the total average monthly income of the family. According to Credo estimations, the family belongs in the vulnerable group category.

Dato requested credit for a start-up of agricultural business. His loan request was approved through a new joint initiative of Kiva and Credo. The start-up loan program provides credit with soft conditions to the country's rural poor, who do not have access to mainstream credit because they are regarded as “high risk borrowers” due to low income. With the received credit, Dato will purchase up to 30 calves. He will raise them over 5 to 6 months. He will take good care of the calves, as he has previous experience working with livestock. After selling the calves, he will purchase more of them and go through the same cycle. The new business initiative will increase the income of the family and Dato will be able to provide better living conditions for his children.

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
  • 40
    View loans »
    Georgia Loans Fundraising
  • $8,091,775
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,825 helped Dato to purchase calves.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 17, 2012
Jul 23, 2012
Currency Exchange Loss:
Aug 17, 2013