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Update on Mevlud

Mevludi is 48 years old. He lives in Zestaponi District, West Georgia, with his wife and four children (three of them are under-aged). Mevludi leads his family's small-scale agricultural business. He runs a family-owned dairy farm, with two calves and two milk cows. Mevludi produces cheese and sells it in the village. In addition, he owns four pigs and sells piglets seasonally. The income is not enough to provide Mevludi and his family with adequate living conditions. According to Credo estimations, the family belongs to the "subsistence poor" category.

Mevludi has requested a loan from Credo to restart his seasonal business. His loan request was approved as part of a new joint initiative of Kiva and Credo. The start-up loan program provides credit with fewer conditions to the country's rural poor for business start-ups and restart-ups. This population is often considered "high risk borrowers" because of their low incomes, and they often do not have access to credit. With the loan, Mevludi will purchase chickens to restart a poultry farm. He will place the chickens in a shed located in their yard. He will raise them to sell them for a higher price. He hopes that the new business initiative, financed with the Kiva loan, will significantly improve the living conditions of the family.

Previous Loan Details

Mevlud is a 47-year-old farmer from the village of Boslevi in West Georgia. He is married and lives with his family: wife – Darejan and 4 children (20, 16, 8 and 3 years old). Mevlud is the only income provider in the family. The family has a milk cow. Mevlud produces cheese and sells it at t... More from Mevlud's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Georgia

  • $6,100
    Average annual income
  • 32
    View loans »
    Georgia Loans Fundraising
  • $7,796,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Mevlud to purchase chickens and restart his poultry farm.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Feb 27, 2013
Mar 2, 2013
Currency Exchange Loss:
Mar 19, 2015