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Mamuka is a 28-year-old, married man who lives in the village of Gamarjveba, in Dedoflistskaro district. He has wife and two little children. The only source of income for this four-member family is Mamuka's job, working as a herdsman. He gets GEL 8 for each head of cattle.

As the family's needs are growing with time, Mamuka wants to start his own agribusiness in order to more effectively meet the family's needs. So, he requested a loan.

The Start Up program, which is a joint initiative between Kiva and Credo, enables him to get a loan of GEL 2,300 to purchase cattle. Mamuka will raise them and sell them at a good price.

With the increased income, Mamuka will improve the living conditions of his family. He awaits your support.

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
  • $7,896,375
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,325 helped Mamuka to purchase cattle.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Jan 13, 2014
Jan 8, 2014
Currency Exchange Loss:
Jan 22, 2015