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Davit is 33-year-old married man. He lives with his wife and two children in the small village of Tsalka district. He is involved in the agricultural business from early childhood, as his parents were farmers and this is a traditional activity for the family.
Sadly, for lack of economic resources and because he had to start working at a very young age, Davit was unable to study a professional career. He works hard on family-owned agricultural land, growing potatoes. He always has high quality products, which are sold to local retailers for a good price. In addition, they own 2 cows, whose milk is used in cheese products. As the family has only seasonal income, Davit decided to start his own stable business and seek for credit among local financial institutions, but his attempts were unsuccessful because of his poor living conditions. The startup program, that is a joint initiative between Kiva and Credo, enables rural poor and inexperienced people to get a loan for starting or re-starting businesses. Davit's application was approved under the framework of this program to get a loan of 2500 Gel for purchasing a minibus. As the minibus is purchased he will get orders to transport cargo to different destinations and increase the income of 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
  • 37
    View loans »
    Georgia Loans Fundraising
  • $8,073,000
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Davit to purchase a minibus and start working in transportation.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Nov 15, 2013
Dec 4, 2013
Currency Exchange Loss:
Feb 17, 2015