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Dima is 27 years old. He lives in the village of Maghlaki, West Georgia with his wife, infant daughter and retired grandmother.

Dima requested loans from local financial institutions several times for a family business start-up, but without any success. His loan requests were always rejected because of his low income and his family’s poor living conditions. The family is involved in a small scale agricultural business. They run a family-owned dairy farm with four milk cows. The family produces cheese and sells it in the village. In addition, they grow nuts and grapes which are used in wine production.

Dima sells his products seasonally, but the income is not enough to provide the family with adequate living conditions. Dima has requested a loan from Credo to start a poultry business. His loan request was approved as part of a new joint initiative between Kiva and Credo. The start-up loan program provides credit with fewer conditions to the country's vulnerable poor for business start-ups and re-start-ups. This population is often considered "high risk borrowers" because of low income, and they often do not have access to credit.

With the credit, Dima will purchase chickens and place them in a shed located in their yard. He will raise and sell the chickens for a higher price. The new business initiative, financed with the Kiva loan, will significantly improve the living conditions of the family.

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
  • $7,896,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Dima to purchase chickens.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 15, 2013
Aug 16, 2013
Currency Exchange Loss:
Aug 17, 2015