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Rezo is 55 years old. He lives in a small village in Khoni District, West Georgia. Rezo lives with his family: his 36-year-old daughter, son-in-law and two grandchildren (16 and 12 years old). The children go to school.

The family has a pig. They sell on average 9 piglets per year. Also, Rezo and his son-in-law work as workers in the village. They perform various work when they get orders. Although all family members work hard, they still live in poverty. Their total average monthly income is 330 Laris.

Rezo requested credit to start-up a dairy farm. His loan request was approved in the frames of a new joint initiative from Kiva and Credo. The start-up loan program envisages provisioning business start-ups and re-startups with credit with soft conditions to the country's 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, Rezo will purchase a milk cow. He will place it in the old cattle-shed located in his yard. He will start the production of cheese and sell it on local open market. The income for the family will increase by 150 – 200 Laris, which will mean 45 – 60% increase. The living conditions for the family will significantly improve and the family will have enough income to access regular credit products available on the country’s capital market, in case of need.

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
  • 49
    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 $850 helped Rezo buy a milk cow.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Mar 28, 2012
Apr 12, 2012
Currency Exchange Loss:
May 17, 2014