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Dato is 49 years old and a married man, from a small village of Samtredia district. He lives with his wife, Nino, their son, an infant grandson and his mother. Dato's mother is provided with a retirement pension, and his son works as an artisan at the local brick workshop, earning 200 Gel in a month. Dato is very actively involved in agricultural activities. In particular, he has two milking cows, a calf and a pig. Besides the animals, they have 300 nut trees. Dato is a very hardworking man and does his best to insure a good harvest. The harvested nuts are sold at local markets.

Because the existing income is seasonal and is not enough for the family, Dato decided to start a new business. All the financial institutions rejected his loan requests, because of his unstable financial condition and lack of experience. After several unsuccessful attempts, Dato applied for the credit to MFO Credo. His request was approved as part of the Start Up program, which is a joint initiative of Credo and Kiva designed to enable the rural poor to start or restart businesses. With a loan of 3,000 GEL, Dato will build a greenhouse. After the greenhouse has been built, he will be able to grow tomatoes, cucumbers and greens. This will increase the income of their family. With increased income, they will be able to improve their living conditions.

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
  • 34
    View loans »
    Georgia Loans Fundraising
  • $8,323,825
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,825 helped Dato to build a greenhouse.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 5, 2013
Jul 25, 2013
Currency Exchange Loss:
Aug 17, 2014