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Levan is fifty-two years old. He lives in a small village of Kakheti Region, East Georgia with his wife, Nargiz. Levan works in a local dairy products processing factory as a shift supervisor. His monthly salary is 400 Laris and it is the only income of the family during the month. According to Credo estimations the family belongs to the subsistence poor category.

Levan requested credit to start-up a pig farm. His loan request was approved in the framework of a new joint initiative between Kiva and Credo. The start-up loan program envisages providing businesses with start-up and re-startup credits with soft conditions. This is important for the country's rural poor who do not have access to credit products, as they are regarded as “high risk borrowers” because of their low income.

With the received credit Levan will start up a pig farm. He will purchase five pigs and feed for them. After five or six months Levan will have piglets for sale. He will sell piglets in the village, as well as on the local open market. The family will sell on average 45 piglets per year. The income of the family will increase by 300 – 400 Laris per month, which will mean 75 – 100% increase. The living conditions of the family will significantly improve and in the future they will have enough income to access regular credit products available on country’s capital market, for further expansion of the family farm.

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
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,125 helped Levan to purchase pigs to start up a pig-farm.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Mar 31, 2012
Apr 12, 2012
Currency Exchange Loss:
Feb 15, 2013