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Zhuzhuna is 42 years old and lives in the village of Dandalo, in mountainous Adjara Region. She is married and lives with her husband and two school-age sons.

Zhuzhuna works as a librarian at the school, located in the neighboring village, and she gets approximately USD 65 per month. In addition, the family runs a small-scale agricultural business and owns a dairy cow, whose milk is used in cheese production. The cheese is sold from their house.

Zhuzhuna wants to supplement her family's income by renovating her house, so she can rent it out seasonally. Her house is located near the university and several students have already expressed an interest in living there, but she has been unable to get a loan from several local financial institutions to pay for renovations. That is why she is requesting a loan from Kiva and Credo, which help people who do not qualify for conventional loans.

Zhuzhuna will use the loan to buy the materials she needs to renovate her house. She hopes that renting out the rooms will be profitable and will increase her income, so that she and her family members can improve their standard of living.

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
  • 41
    View loans »
    Georgia Loans Fundraising
  • $7,800,275
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,825 helped Zhuzhuna to renovate the house, so that it can be rented out.
100% repaid
Repayment Term
23 months (Additional Information)
Repayment Schedule
Sep 25, 2013
Oct 15, 2013
Currency Exchange Loss:
Jul 25, 2014