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Makhmad is a 25-year-old married man. He lives with his wife, son, parents, brother and sister-in-law in a small village in Kaspi district. The family runs a husbandry business. In particular, they have six cows. Makhmad's mother milks the cows every day and produces cheese to sell. Along with this business, Makhmad decided to start a business buying and selling cows. He requested a loan of $4,300 to purchase cows. The Start Up program, a joint initiative of Kiva and Credo, gives him a chance to obtain a business loan. Makhmad will purchase cows from wholesalers and then resell at a higher price. This will increase the income of his family. With increased income, he will provide better 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
  • 39
    View loans »
    Georgia Loans Fundraising
  • $8,091,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $4,300 helped Makhmad to begin buying and selling cows.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Aug 22, 2013
Sep 25, 2013
Currency Exchange Loss:
May 17, 2015