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Goderdzi is 34 years old. He is single and lives in the Terjola district with his parents. Goderdzi is unemployed at the moment and the only source of income for the family is a small salary earned by Goderdzi’s father, who works as an artisan in spite of his chronic health problems.

However, his father's earnings are not enough to cover the cost of food and everyday expenses. For this reason, Goderdzi decided to start a dairy farm. Goderdzi's loan request was approved as part of a new joint initiative between Kiva and Credo. The start-up loan program provides loans with reasonable terms to start-up businesses. These loans are provided to the country's vulnerable poor, who do not have access to credit products because they are regarded as “high risk borrowers” due to their low incomes.

The loan will be used to purchase a milking cow. Goderdzi will house the cow in the cattle shed located in his yard, and he will sell the milk at the local market. He estimates that the family's income will increase by 150 to 200 GEL, which is a 40 to 50 percent increase. The family's living conditions will significantly improve, enabling them to access regular credit products that are currently available.

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
  • $8,314,800
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Goderdzi to purchase a milking cow to start a dairy farm.
100% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Jul 23, 2013
Aug 10, 2013
Currency Exchange Loss:
Jul 17, 2014