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Zaza is a 44-year-old married man. He lives in the small village of Vani district with his wife, two children, and mother. His mother is provided with a retirement pension. His wife works as a saleswoman locally and gets a small monthly income. Zaza is involved in agricultural activities. In particular, he has two milking cows and two calves. His mother milks the cows every day and produces dairy products for selling. Besides this, they have a vineyard and a plot of agricultural land, where nut trees are grown. Zaza sells the harvested products at local markets at a good price. As the income is only seasonal, he decided to get a loan and start his own business and seek for credit among local financial institutions, but his attempts were unsuccessful because of his poor living conditions. The startup program that is a joint initiative between Kiva and Credo enables rural poor and inexperienced people to get a loan for starting or restarting businesses. His application was approved under the framework of this program to get a loan of USD 3,000. With the received credit, he will purchase a minibus and start trading with fruits and vegetables. This will increase the income of his family. With the increased income, 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
  • 39
    View loans »
    Georgia Loans Fundraising
  • $8,094,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Zaza to purchase a minibus and start trading with fruits and vegetables.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 9, 2013
Sep 9, 2013
Currency Exchange Loss:
Feb 17, 2015