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George is 22 years old. He is married and lives with his wife, sister, two brothers, and parents. George runs a small scale agricultural business, and breeds five pigs and four piglets. He sells livestock in the winter time, and generates a seasonal income.

Besides George, his brothers generate a small income to the family as well. The elder brother works as an operator at the local petrol station, and the younger is a hired worker at a pig farm.

George works hard and wishes to get ahead. He requested a loan from Credo to develop his agricultural business. His loan request was approved within the frames of the joint initiative between Kiva and Credo.

With the received credit, George will purchase calves. After purchasing livestock, he will raise them, and after several months they will became dairy cows. The family will produce dairy products for selling and for consumption as well. The new business initiative financed with Kiva's start-up loan will significantly improve George’s living conditions in the future.

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
  • 38
    View loans »
    Georgia Loans Fundraising
  • $7,807,625
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,800 helped George to purchase calves.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Sep 27, 2013
Nov 1, 2013
Currency Exchange Loss:
Jul 2, 2014