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Zaza is 33 years old. He lives with his wife and two children in the village of Shindisi, near Georgia's capital city. His wife is unemployed; the children go to the local school. The family's business is animal husbandry, particularly pigs. Zaza keeps pigs in the shed located in his yard. He raises them, then sells them in the open market of the capital city.

Zaza has requested loans from local financial institutions several times to start a trading business, but without any success. His loan requests were always rejected because of his family’s low income and poor living conditions.

Then he requested a loan from Credo to re-start a retail business. His loan request was approved within the framework of a new joint initiative between Kiva and Credo. This start-up loan program provides credit to the rural poor who cannot otherwise access credit because their low income causes others to regard them as "high risk borrowers."

The store building for Zaza's new business is located in the village and it is closed now. With the loan from Credo and Kiva, Zaza will be able to purchase stock for his store, selling flour and cattle feed such as bran. This growth will positively impact the family by hopefully doubling their small income, thus enabling them to improve their living conditions.

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
  • $8,091,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,500 helped Zaza to purchase flour and bran to start a new store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 20, 2012
Dec 27, 2012
Currency Exchange Loss:
Sep 17, 2013