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David is a 54-year-old married man. He lives in Vani district with his wife and daughter. His wife is a housekeeper.

David in actively involved in agricultural activities. In particular, he has a milking cow and a calf. They produce dairy products for selling. Besides, they have a 0.5 hectare plot of agricultural land and a greenhouse where cucumbers, tomatoes and greens are grown. They sell the harvested products at local markets at a good price.

As the income is only seasonal and not enough for the family, David decided to start his business and seek credit among local financial institutions, but his attempts were unsuccessful because of his poor living conditions. The startup program that is joint initiative between Kiva and Credo, enables the rural 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 $3,000. With the received credit, David will purchase a minibus and transport people. This will increase the income of his family and he will be able to improve the living conditions of his 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
  • 38
    View loans »
    Georgia Loans Fundraising
  • $7,807,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $3,000 helped David to purchase a minibus and transport people.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Aug 8, 2013
Sep 8, 2013
Currency Exchange Loss:
Oct 8, 2013