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David is from the village Dzirkoki. He is 26 years old, married and lives with his wife and two children, who go to the local kindergarten.

David works as a fireman and gets a monthly income. Besides, he transports wood with his motorbike and sells it among his villagers. The family also owns a vineyard and sells the harvested grapes seasonally.

David 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 piglets. After several months the raised pigs will be sold for a good price. He will also purchase a new motorbike and transport more wood from the forest. The rest of the borrowed money will be used for purchasing dishes for resale. David’s wife will sell the vessels among villagers and this will significantly increase the family income. David will be able to purchase building materials and renovate his house, which is old and damaged. He awaits your support.

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
  • 38
    View loans »
    Georgia Loans Fundraising
  • $8,323,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped David to purchase pigs, dishes for resale and a new motorbike.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jan 31, 2013
Feb 11, 2013
Currency Exchange Loss:
Oct 17, 2013