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Ekaterine, who is 38 years old, lives in the Senaki district with her husband, two school-age sons, and a retired mother. Ekaterine works as a cleaner at the local supermarket and gets a small monthly salary. The family runs a small-scale agricultural business and owns a vineyard and a plot of land where nuts are grown. They produce wine with the grapes and sell it locally.

As the existing income is not enough to cover food and everyday expenses, Ekaterine requested a loan from Credo to start up a dairy farm. Her loan request was approved in the framework of a new joint initiative between Kiva and Credo. The start-up loan program provides for business start-ups and re-start-ups. It has credits with soft conditions for the country's vulnerable poor, who do not have access to credit products because they are regarded as “high risk borrowers” due to low income.

With the received credit, Ekaterine will purchase a milk cow which she will house in an old, empty farm building located in the yard. Ekaterine will work hard on the farm and will sell milk 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
  • 35
    View loans »
    Georgia Loans Fundraising
  • $7,912,575
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Ekaterine to start a dairy farm.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Jul 27, 2013
Aug 26, 2013
Currency Exchange Loss:
Jan 18, 2014