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Zaza is 41 years old and from the small town of Kazreti. He is married and has two school-age children. The family runs a small scale agricultural business and cultivates the small plot of land where maize and red beans are grown. In addition, Zaza owns a calf and a dairy cow and his wife produces cheese with the received milk. The cheese is sold from their house.

The couple works hard to earn a living and give their children what they need. As the existing funds are not enough to satisfy their needs, Zaza and his spouse decided to restart a trading business which was stopped due to financial problems.

With the received loan, they will go to Turkey and purchase household items such as blankets, linens, etc.. to sell them among their community members. The prices are lower in Turkey than in Georgia, and as the Turkish border is not far from the district Zaza is living in, he will transport the items easily.

Zaza hopes the business will be lucrative and increase his income gradually. He will develop the business with the support of his wife, and generate an income to improve the living conditions for 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
  • 41
    View loans »
    Georgia Loans Fundraising
  • $7,896,375
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Zaza to purchase household items to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 9, 2013
Sep 11, 2013
Currency Exchange Loss:
Sep 17, 2014