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Datuna is 41 years old. He lives in the Khashuri District with his mother, wife and an infant child. Datuna’s mother is retired and gets a monthly pension. Datuna runs a small scale agricultural business and grows grapes, maize and beans on his own plot of land. The harvest is sold at the local open market. In addition, Datuna is a builder and works on orders from time to time. However, his income is not enough for the family and they live in poverty. They receive a small social assistance benefit from the government.

Datuna has requested a loan to start a dairy farm. His 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 for purchasing a milking cow. Datuna will house the cow in the cattle shed located in his yard, and will start selling the milk at the local market. The family's income will increase by 150–200 GEL (Georgian Lari), which is a 40 to 50 percent increase. The family's living conditions will significantly improve and the family will have enough income to access regular credit products available on the country’s capital market, in case of need.

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
  • 42
    View loans »
    Georgia Loans Fundraising
  • $8,567,900
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Datuna to purchase a milking cow and start a dairy business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jul 15, 2013
Aug 10, 2013
Currency Exchange Loss:
Jun 24, 2014