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Dato is 34 years old. He lives in the village of Naghobilevi, West Georgia, with his wife, two children and parents. Several times, he has asked for loans from local financial institutions to start up a new business, without success. His loan requests were rejected each time because of low income and lack of experience in his job, which is usually demanded by local credit providers. The income source for the family is the agricultural business run by Dato. He owns a citrus garden, grows kiwi fruits, nuts and maize, and sells the harvest at the local market. Besides that, the family breeds two calves and takes good care of them. Dato’s father is a truck driver and gets a transportation service fee per month.

Dato has requested a loan from Credo to start trading in fruit and vegetables. His loan request was approved as part of the new joint initiative of Kiva and Credo. The start-up loan program provides business start-ups and re-startups with credit with soft conditions to the vulnerable poor who do not have access to credit products, since they are regarded as “high-risk borrowers” because of their low income.

With the received credit, Dato will purchase fruits and vegetables in East Georgia, where prices are low, and sell the products in his district with a price mark-up. He will use his own van to make deliveries. Dato plans to increase the turnover in his trade business gradually. With this loan, the family will generate enough income to access regularly available credit products in the country’s capital market, in the event they need it.

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
  • 36
    View loans »
    Georgia Loans Fundraising
  • $8,318,950
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Dato to start trading in fruits and vegetables.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 12, 2013
Aug 14, 2013
Currency Exchange Loss:
Feb 17, 2014