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Zaza is 41 years old and lives with his wife, Ekaterine, and their retired parents in the Kvareli district.

Zaza is a farmer, while Ekaterine is a housewife. The family owns a plot of land, where they grow watermelon and grapes, and they sell the harvested products at the local market. On several occasions, Zaza has requested a loan from local financial institutions for an agricultural start-up business, but without any success. His loan requests were always rejected because of his low income and his lack of experience in the business, which is usually demanded by local credit providers. Zaza’s loan request was, however, approved by the Kiva and Credo loan program. The loan program provides businesses with start-up funding to assist the country's rural poor, who do not have access to most credit products as they are regarded as “high-risk borrowers” because of their low incomes.

With the loan proceeds, Zaza would like to purchase a tractor. The tractor would be used to perform agricultural work on the lands of nearby farmers, mainly during tilling and sowing seasons, which would allow Zaza to earn money from those farmers. Zaza plans on saving any profits generated as a result of the loan and tractor and will continue to cultivate his family's own land.

Another portion of the loan proceeds would be used for buying a milk cow, which would be used to produce milk products. They plan on selling their dairy products at the local market and to thereby increase the family's monthly income. Any profits generated will be reinvested in the dairy business.

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
  • 39
    View loans »
    Georgia Loans Fundraising
  • $8,578,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $5,000 helped Zaza to purchase a tractor and a milk cow.
100% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Feb 14, 2013
Feb 21, 2013
Currency Exchange Loss:
Mar 17, 2014