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Teimuraz is 61 years old. He is married and lives in the village of Khomuli alone, as his wife works abroad and his daughters are married, living with their families separately.

Teimuraz is involved in an agricultural business. Specifically, he grows maize and nuts on the family-owned land and breeds six calves. In addition, he sells limes and earns a monthly income from this activity.

Teimuraz is very hardworking person, and he wishes to start a dairy farm to generate more income for supporting his daughters.

The loan will be used to purchase two milk cows. Teimuraz will place the cows in the cattle shed located in his yard, and produce cheese with the received milk. The cheese will be sold at the local open market and Teimuraz will get a planned amount of profit.

He hopes that his wife will be able to return home and live with him.

The couple will tirelessly work in their dairy farm and develop their business gradually.

Teimuraz awaits your generosity.

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
  • 51
    View loans »
    Georgia Loans Fundraising
  • $8,643,950
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,525 helped Teimuraz to purchase two dairy cows.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 11, 2013
Aug 15, 2013
Currency Exchange Loss:
Aug 17, 2015