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Zaza is from the village of Kvemo Khvedureti. He is 31 years old, single and lives with his parents. His father is a pensioner and also works as a stone-mason. Zaza cultivates a family-owned plot of land, growing carrots, beets, onions and potatoes and selling them to vegetable retailers. In addition, the family has a calf and a milk cow, whose milk is used in cheese production. The cheese is sold at the local open market.

Zaza has received a loan as part of a start-up program so that he can establish a new family business. He plans to purchase calves, which he will raise for several months and sell for a good price. This will significantly increase the income of the family. Zaza will be able to purchase additional household goods to improve the family's living conditions. Also, part of the additional profit will be reinvested in the new business in order to improve it and increase its profitability.

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
  • 41
    View loans »
    Georgia Loans Fundraising
  • $7,802,825
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Zaza to purchase calves.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Feb 4, 2013
Feb 7, 2013
Currency Exchange Loss:
Jan 18, 2014