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Eitigar is 50 years old. He lives in the Gardabani District with his wife and two children. Eitigar applied for loans from local financial institutions several times, for an agricultural business start-up, but without any success. His loan requests were rejected every time, because of his low income. Eitigar’s economic activity is a farm where various of greens are grown. The family sells the harvest at the capital city’s open market.

Eitigar applied for a loan from Credo to start up a dairy farm. His loan request was approved in the framework of a new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credits on soft conditions to rural poor people who do not have access to credit products. The rural poor do not have access to credit products, as they are regarded as “high risk borrowers” because of their low incomes. With the credit, Eitigar will buy two milk cows and two calves. He will place them in an old empty farm building located in their yard. Eitigar will work hard on the farm. He will produce dairy products and sell them in the village. The new business initiative, financed with the Kiva start-up loan, will significantly increase the income of the family. Their income will double, and the family members will be able to improve their 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
  • 39
    View loans »
    Georgia Loans Fundraising
  • $8,073,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Eitigar to purchase dairy cows and calves.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 1, 2013
Jul 27, 2013
Currency Exchange Loss:
Aug 17, 2014