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Zaza is 41 years old. He lives in the Baghdati district with his wife, retired mother and two children who are going to school. Zaza is working as a security guard at a private company and gets a small monthly income. The family has beehives with bee colonies and they own a small agricultural plot of land where they grow nut trees. They sell the harvested nuts and the honey locally at the markets. Zaza requested a loan for renovating his house. He will purchase building materials and work himself on the renovation. Zaza was planning to sell his beehives with the colonies, which would sufficiently decrease his family income that he could not afford to do it. With the received credit, Zaza will be able to save the beehives and provide better living conditions for his family.

Additional Information

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Georgia

  • $6,100
    Average annual income
  • 50
    View loans »
    Georgia Loans Fundraising
  • $8,637,875
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Zaza to purchase building materials and renovate his house.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Feb 28, 2013
Mar 18, 2013
Currency Exchange Loss:
Nov 18, 2013