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Zaza is 47 years old. He lives in the Tskaltubo District with his spouse and two sons. The elder son owns a truck and runs a transportation service business. The younger goes to the local school. Zaza is involved in the agricultural business. Specifically, he has four milk cows, produces cheese from the milk, and sells it locally. Zaza also grows greens on the plot of land and sells the harvest locally.

He is very hard-working and the type of person who puts family first.

With this loan, Zaza will purchase all the building materials for the greenhouse. After the greenhouse is built properly, Zaza will grow greens and various vegetables. The harvested products will be sold for a good price.

The new business initiative, financed with the Kiva start-up loan, will significantly increase the family income and all members will 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
  • 40
    View loans »
    Georgia Loans Fundraising
  • $7,904,125
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $5,000 helped Zaza to construct a greenhouse.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jul 23, 2013
Aug 23, 2013
Currency Exchange Loss:
Sep 22, 2013