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Ketevan is 34 years old. She lives in the Khoni District of West Georgia with her husband, George, who works as a local artisan and earns a monthly income. The family has a pig and sells piglets seasonally. In addition, they grow nuts on family-owned agricultural land and sell harvested products at the local open market. Although both Ketevan and her husband work hard, they still live in poverty.

Ketevan requested a loan to start a dairy farm. Her loan request was approved as part of a new joint initiative from Kiva and Credo. The start-up loan program provides loans with reasonable terms to start-up businesses. These loans are provided to the country's rural poor, who do not have access to credit products because they are regarded as “high risk borrowers” due to their low incomes.

With this loan, Ketevan will purchase a milk cow. She will place it in the old cattle shed located in her yard. She will start producing cheese and will sell it at the local open market. The family's income will increase by 150 – 200 Laris, which is a 45 – 60% increase. The family's living conditions 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
  • 48
    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 $1,100 helped Ketevan to purchase a milk cow to start a dairy farm.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Nov 28, 2012
Dec 7, 2012
Currency Exchange Loss:
Mar 17, 2014