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Zurab is 26-years-old. He lives with his parents in Lagodekhi district. The family runs an agricultural business. They have four cows and a plot of agricultural land where eggplants and maize are grown. His mother milks the cows everyday and produces dairy products to sell. They always have high quality products which are sold to local retailers for a good price.

As the family has only seasonal income, Zurab decided to start his own business and seek credit from local financial institutions, but his attempts were unsuccessful because of his poor standard of living. The Start-up program, that is a joint initiative between Kiva and Credo, enables 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 in order to get a loan of $5,000. With the loan, he will purchase a tractor and will get orders to cultivate land. In the region, almost every family runs an agricultural business and they have to hire a tractor to cultivate the land. As such, Zurab will have clients and hopes that the business will be successful. With support of the Start-up program Zurab will get an opportunity to be involved in his own business and tackle financial difficulties.

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
  • 35
    View loans »
    Georgia Loans Fundraising
  • $7,912,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $5,000 helped Zurab to purchase a tractor.
Repayment Term
24 months (Additional Information)
Repayment Schedule
Aug 20, 2013
Sep 21, 2013
Currency Exchange Loss:
Oct 21, 2013