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Zurab is 55 years old. He lives in the Senaki district in West Georgia with his wife and two children (2 and 14 years old). Zurab requested loans from local financial institutions several times for a family business start-up, but without any success. His loan request was always rejected because of his low income and his family’s poor living conditions.

Zurab's family is involved in a small-scale agricultural business. They run a family-owned poultry farm with 35 hens and sells on average 100-200 eggs per month. Zurab also grows maize on the family-owned land and sells seasonally. In addition, he works as a machine operator and gets a small monthly salary. But it is not enough to provide Zurab and his family with adequate living conditions. According to Credo estimations, the family belongs to the subsistent poor category.

Zurab has requested a loan from Credo to re-start his family business, which was stopped a couple of years ago because of financial problems. His loan request was approved as part of a new joint initiative between Kiva and Credo. The start-up loan program provides credit for business start-up and re-start-up with fewer conditions, to the country's rural poor. This population is often considered "high risk borrowers" because of their low income, and they often do not have access to credit.

With the credit, Zurab will renovate the shed and purchase chickens to start a poultry farm. He will place the chickens in a shed, raise and sell the chickens for a higher price. The new business initiative, financed with the Kiva loan, will significantly improve the living conditions of the family.

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
  • 44
    View loans »
    Georgia Loans Fundraising
  • $7,799,500
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Zurab repair a shed and buy chickens.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Dec 27, 2012
Jan 3, 2013
Currency Exchange Loss:
Feb 17, 2014