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Teimuraz is 40 years old. He is married and lives with his wife and retired mother in Gurjaani district. Teimuraz requested a loan from local financial institutions several times for a family business start-up, but without any success. His loan request was rejected all the time because of his low income and the family’s poor living conditions.

Teimuraz is working as an artisan on privet construction and as a security guard. His wife and mother are working as cleaners. His wife works at the hotel and his mother at the local police station. They all get small monthly payments, which are not enough for the family. According to Credo estimations, the family belongs to the subsistence poor category.

Teimuraz requested a loan from Credo to start a family business. His loan request was approved in the frame of a new joint initiative between Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to country rural poor, which do not have access to credit products, being regarded as “high risk borrowers” because of low income. With the received credit, Teimuraz will purchase piglets. He will raise them and, in the future, sell them as meat locally at the markets. They will use the profit to buy more piglets. He considers his business to be profitable, as it generates a good income that enables him to improve the living conditions of the family.

Additional Information

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
  • $8,073,000
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Teimuraz to purchase piglets.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Feb 27, 2013
Mar 11, 2013
Currency Exchange Loss:
Sep 17, 2013