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Tea is a 30-year-old married woman. She lives with her husband, Gocha, and two daughters (11-year-old Mariam and 8-year-old Nino) in Sagarejo district, Kakheti Region. Gocha trades in wood seasonally. This is the only source of income for their family, which is not enough to make ends meet for a family of four. In the region there is a high unemployment rate, but self-employment helps inhabitants to make living.

So, Tea decided to start a farming business with a loan, but the local credit providers usually demand experience and some stable income from the borrowers. Tea’s credit requests were rejected several times, as she doesn’t satisfy their requirements.

She received the credit in the framework of a joint initiative, the Kiva and Credo Start-up Program, which gives rural poor people the chance to start or re-start businesses.

With the loan of 4,000 GEL, she will purchase three milking cows and feed for them. After buying milking cows, Tea will milk them and start producing dairy products for selling.

The start-up credit will be a great support for the family, as their income will be significantly increased thanks to Kiva Lenders.

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
  • 37
    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 $2,425 helped Tea to purchase three milking cows and feed for them.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jun 27, 2013
Jul 21, 2013
Currency Exchange Loss:
Jan 19, 2015