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Zhora is 64 years old. He lives in the village of Matani, East Georgia, with his family: his wife Natela (retired) and three sons (31, 25 and 18 years old). Zhora works as a bus driver, locally. His elder sons are workers in the village. The younger son has health problems and gets a monthly pension from the government. The total average monthly income of the family is 700 Laris.

Zhora requested funding to re-start the family agricultural business, which was stopped 10 years ago. He plans to cultivate family-owned land and sow maize. After harvest the maize will be sold and the family will get income. Also, part of the credit will be spent on purchasing four calves. Zhora will raise the calves and sell two of them for a higher price after 6-8 months. And the other two calves will stay on the family farm. As soon as they start milking, Zhora and Natela will start cheese production and sale.

Initiating the agricultural business will significantly increase the income of the family. They will be able to improve their living conditions.

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
  • 29
    View loans »
    Georgia Loans Fundraising
  • $8,567,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Zhora to purchase calves and pay for land cultivation.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jan 25, 2012
Jan 27, 2012
Currency Exchange Loss:
Mar 15, 2013