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Teimuraz is a 59-year-old married man. He lives with his wife, son and daughter-in-law in a small village of Lagodekhi district, eastern Georgia. Teimuraz runs an agricultural business. He owns three hectares of agricultural land, where he grows maize, eggplants and cabbages. He always has high quality produce, which is sold to local retailers.

Teimuraz has been involved in this business for nine years. He decided to purchase a tractor and get an additional source of income. Teimuraz requested a loan and the Start Up program which is joint initiative with Kiva and MFO Credo gave him a chance to get a loan of $ 3000 for purchasing a tractor. He will use the tractor for cultivating his land, as well as to renting it out to local people to get additional income. The Start Up program will be a great support 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
  • 42
    View loans »
    Georgia Loans Fundraising
  • $7,896,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Teimuraz to purchase a tractor.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Aug 22, 2013
Sep 24, 2013
Currency Exchange Loss:
Jul 19, 2014