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Tazakhan is from the village Kesalo, Gardabani district. He is 42 years old and lives with his family, wife and 20-year-old son. Tazakhan and his son are builders and get monthly income. Besides, they are involved in agricultural business and grow greens on the family-owned land. The harvested products are sold at the local open market.

Tazakhan received the loan in the framework of a start-up program. He will start a new family business with the loan. He plans to purchase calves. After several months the calves will turn into milk cows. Tazakhan will start cheese production. He will sell the cheese on the local market. It will significantly increase the income of the family. Tazakhan will be able to purchase additional household goods to improve the family living conditions. Also part of the additional profit will be reinvested in dairy farming, in order to improve it and increase its profitability.

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
  • 31
    View loans »
    Georgia Loans Fundraising
  • $8,567,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,800 helped Tazakhan to purchase calves.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Dec 20, 2012
Dec 27, 2012
Currency Exchange Loss:
Oct 17, 2013