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Temur is 33 years old and is a shepherd from the village of Jughaani in East Georgia. He lives with his family- his wife Mzia, their two sons (two and four years old), his mother, and his grandmother. Temur is the only income provider in the family. Mzia is a housewife. His mother has health problems and gets a pension from the government. The total average monthly income of the family is 470 Laris (Temur’s salary and his mother and grandmother’s pensions). According to Credo estimations, Temur’s family belongs to the "vulnerable poor" category.

Temur decided to start up an agricultural business. He requested credit from Kiva for purchasing calves. He will grow calves and sell them in the summer for a higher price. It will give additional income to the family, and 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
  • 35
    View loans »
    Georgia Loans Fundraising
  • $8,323,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Temur to purchase calves.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Feb 8, 2012
Feb 14, 2012
Currency Exchange Loss:
Jan 15, 2013