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Shalva, age 27, is from the Dmanisi district. He is single and lives with his mother, brother, sister-in-law, and two nephews.

Shalva is a farmer and breeds one milk cow and ten piglets. He makes cheese to sell, as well as for his family to consume. His earnings are hardly enough to cover food and household costs and the family lives in poverty. The local government assists the family financially as they belong to the “vulnerable poor” category.

In order to generate income, Shalva plans to start a business trading fruits and vegetables. With this loan, he will purchase fresh products in bulk and sell them on the local open market with a price mark-up. Shalva hopes his initiative will be lucrative and he will be able to increase his family's funds. Shalva and his family members are waiting for your generosity.

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
  • 39
    View loans »
    Georgia Loans Fundraising
  • $8,091,775
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Shalva to purchase fruits and vegetables in bulk for resale.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Dec 31, 2013
Jan 9, 2014
Currency Exchange Loss:
Apr 17, 2015