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Zurab is 32 years old. He lives with his sister and mother in the small village of Baghdati district. His sister works at a local pharmacy in pharmaceutics. His mother receives a pension for invalids from a government institution.

The family runs a husbandry business. In particular, they have a cow and a calf. Zurab's mother milks the cow every day and produces cheese to sell.

As their income is not enough for the family, Zurab had decided to build a greenhouse and to seek credit from local financial institutions. His attempts were unsuccessful because of his poor living conditions.

This startup program, a joint initiative between Kiva and Credo, lends to the rural poor and inexperienced people to start or re-start businesses. Under the framework of this program, Zurab's application was approved for a loan of $3,000 (US). With this credit, Zurab will purchase building materials and build a greenhouse, where he will grow tomatoes and greens.

Zurab is very hardworking and will do his best to have a good harvest. He hopes the business will be profitable, as these products are very highly demanded, even in winter time. This new business initiative will give him a chance at financial stability and a 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
  • 38
    View loans »
    Georgia Loans Fundraising
  • $8,073,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Zurab to build a greenhouse.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Aug 19, 2013
Sep 21, 2013
Currency Exchange Loss:
Feb 17, 2014