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Levan is from the village of Alvani. He is 40-years-old and lives with his wife. The family has only a seasonal income from agricultural activities. They have a piece of land where maize is grown. The harvests are sold locally.

Levan and his wife live in poverty and it’s often difficult for the family to cover feeding costs, that is the reason why Levan decided to purchase two milk cows and start a dairy business. Levan's wife will produce cheese for selling as well as for family consumption. This loan will be a great support for Levan’s family, as it will generate income. Levan hopes for your kindness.

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
  • 43
    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 $1,150 helped Levan to buy milk cows and start a dairy business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Dec 28, 2013
Jan 9, 2014
Currency Exchange Loss:
Sep 2, 2014