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Goderdzi is 47 years old. He lives in the small village of Gurjaani District with his wife, son, daughter-in-law and grandson.

On several occasions, Goderdzi requested loans from local financial institutions for a family business start-up, each time without any success. His loan requests were rejected every time because of his low income and his family’s poor living conditions.

Goderdzi works as an artisan and earns a modest monthly income. His wife works locally as a baker. Their earnings provide hardly enough income to purchase food for the family. According to Credo estimates, their family belongs to the subsistence poor category.

Goderdzi requested a loan from Credo for a start-up family business. Goderdzi has now been approved for a loan within the framework of the new joint initiative of Kiva and Credo. The start-up loan program envisions providing business start-up and re-startup credits with lenient conditions to rural poor people, who do not have access to credit products. These rural poor people are regarded as high-risk borrowers because of their low incomes.

With the loan proceeds that he is requesting, Goderdzi would like to begin trading livestock. Specifically, he plans to purchase calves, and to raise and re-sell them at higher prices for profits. He believes that such an operation would significantly increase his family's income. And, as a result, he feel that the new business initiative, financed with the Kiva start-up loan, will significantly improve his family's 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
  • 41
    View loans »
    Georgia Loans Fundraising
  • $7,800,275
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,525 helped Goderdzi to start a livestock trading business by purchasing calves and later raising and re-selling them at higher prices.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 31, 2013
Jun 17, 2013
Currency Exchange Loss:
May 19, 2014