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Zviad is 26 years old. He lives in the Khulo District with his wife, father and 3-year-old daughter.

Zviad requested a loan from local financial institutions several times for an agricultural business start-up, but without any success. His loan request was rejected each time because of his low income and the family’s poor living conditions. The source of income for the family is the monthly salary of Zviad, who works locally as a school watchman. Besides, the family grows potatoes on the family-owned agricultural land and sells the harvested products locally.

According to the government’s estimations, the family belongs to the vulnerable poor category and gets a relevant pension from the local government. The monthly income of the family is 300 Laris. It is hardly enough to feed a four-member family.

Zviad requested a loan from Credo to start up a dairy farm. His loan request was approved in the framework of a new joint initiative of Kiva and Credo. The start-up loan program envisages provisions of business start-up and re-startup credits with soft conditions for the country’s rural poor. The rural poor do not have access to credit products, being regarded as “high risk borrowers” because of low income.

With the received credit, Zviad will purchase two milk cows. He will place them in an old empty farm building located in their yard. Zviad will work hard on the farm. He will produce dairy products and sell them in the village. The new business initiative, financed with the Kiva start-up loan, will significantly increase the income of the family. Their income will double and the family members 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
  • 43
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Zviad to buy two milk cows and start up a dairy farm.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Nov 28, 2012
Dec 4, 2012
Currency Exchange Loss:
Jul 17, 2014