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Emzar is a 47-year-old farmer from the village of Kveda Tsinsvla. He lives with his wife, son, daughter-in-law and an infant granddaughter. He has been involved in the agricultural business from early childhood, as his parents were farmers and this is a traditional activity for the family. Emzar works hard on his family-owned dairy farm with a milk cow. They milk it and produce cheese. In addition, he grows citrus on the agricultural land. Emzar always has high quality products, which are sold to local retailers for a good price. In addition, Emzar is a mini-bus driver and transports passengers from his village to the district. He works hard but the existing income is not enough to cover the food and everyday expenses for his five-member family. That’s why Emzar decided to start a greenhouse and seek credit among local financial institutions, but his attempts were unsuccessful because of economic conditions. The startup program that is a joint initiative between Kiva and Credo enables vulnerable poor and inexperienced people to get a loan for starting or re-starting businesses. His application was approved under the framework of this program to get a loan of $4000 for constructing the greenhouse. He will purchase building materials and after the greenhouse is built, Emzar will sow cucumbers there. The family will sell the harvest to retailers and this new business initiative will give Emzar the chance to have financial stability.

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
  • $7,812,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $4,000 helped Emzar to construct a greenhouse and sow cucumbers.
Repayment Term
32 months (Additional Information)
Repayment Schedule
Jul 18, 2013
Aug 1, 2013
Currency Exchange Loss:
Aug 31, 2013