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Zurab is 24 years old. He lives with his parents and brother in the small village of Zestaponi district. The family is involved in a husbandry business. In particular, they have nine pigs and sell piglets seasonally at a good price. In addition, they have a plot of agricultural land, where they grow different kinds of vegetables. They always have high quality products, which they sell to local retailers for good prices. As the family has only seasonal income, Zurab decided to start dairy farming. He sought credit from local financial institutions, but his attempts were unsuccessful because of his poor living conditions. The start-up program, which is a joint initiative between Kiva and Credo, enables the rural poor and inexperienced people to get a loan to start or re-start a business. His application was approved under the framework of this program to get a loan of $3,100. With the credit he received, he will purchase a cow. After the cow is purchased, the family will start producing dairy products including cheese and yogurt to sell. They will also use the milk products to feed the family.
The new business initiative will give them a chance to have financial stability and earn a better monthly income.

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
  • $7,802,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $3,100 helped Zurab to purchase a cow.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Aug 30, 2013
Sep 15, 2013
Currency Exchange Loss:
Oct 15, 2013