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Revaz is twenty-eight years old. He lives in a small village in the Samegrelo Region, West Georiga with his family: wife – Rusudan, three children (seven, five and two years old) and parents. The family gets social assistance from the government, as a family living under the poverty line. Revaz works as worker in the village. Also they have one hundred nut trees on a family-owned plot of the land and they sell this product on the local market. Total average monthly income of the family is 430 Laris, including social assistance and the pension of Revaz’s mother.

Revaz has requested credit to start-up a dairy farm. His loan request was approved in the frames of new joint initiative of Kiva and Credo. The start-up loan program envisages the provision of business start-up and re-startup credits with soft conditions to the rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of their low income. With the received credit, Revaz will start up a dairy farm. He will purchase two milk cows. The cows will be placed in an old cattle-shed, located in Revaz’s yard. Revaz will get on average twenty litres of milk from each cow. He will produce dairy products – mainly cheese and yogurt and sell them on a local open market. The average monthly income of the family will increase by 300 Laris. Ramaz will be able to improve the living conditions of his children and his other family members as well.

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
  • 50
    View loans »
    Georgia Loans Fundraising
  • $8,643,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Revaz to purchase two milk cows.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 20, 2012
Mar 30, 2012
Currency Exchange Loss:
Feb 15, 2013