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Kirile is a 44-year-old married man. He lives with his wife and three children in a small village of Ozurgeti district. Kirile is unemployed now, and his wife works as a housekeeper and gets 150 GEL (Georgian Lari) per month.

Kirile is involved in agricultural activities. He has a plot of agricultural land and grows maize and nut trees. He is a very hardworking man and always has high-quality products, which are sold to local retailers.

Kirile decided to start an additional business and requested a loan. The Start-Up program, which is a joint initiative of Kiva and Credo, enables him to get a loan of 1,000 GEL to purchase a cow. After purchasing a cow, they will start producing dairy products to sell. This will increase their 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
  • 40
    View loans »
    Georgia Loans Fundraising
  • $8,076,375
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Kirile to purchase a cow.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 23, 2013
Sep 27, 2013
Currency Exchange Loss:
Mar 17, 2014