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Darejani is 53 years old. She lives in a small village in Lagodekhi District, East Georgia. Darejani lives with her family: her husband, son, daughter-in-law, mother-in-law, and infant grandchild.

The family has a milk cow and a calf. Also, the family grows peanuts, maize, and different kinds of vegetables on the family-owned land. Darejani sells cheese and peanuts at the local open market. The harvested maize is used by the family for feeding the cattle.

All family members work hard, but the income is not enough for the six-member family. Darejani requested credit to expand a dairy farm. Her loan request was approved in the framework of a new joint initiative between Kiva and Credo. The start-up loan program envisions provisioning business start-ups and re-startups with credit with soft conditions. These would be made available 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, Darejani will purchase a milk cow. She will place it in the old cattle-shed located in her yard. She will produce more cheese and sell the cheese on the local open market. The income for the family will increase by 150 – 200 GEL (Georgian Lari), a 45% to 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
  • 43
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,525 helped Darejani to purchase a milk cow.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 6, 2012
Dec 10, 2012
Currency Exchange Loss:
Jan 18, 2014