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Dodo is 51 years old. She lives in the Terjola District in Georgia with her family: her husband, her grown son and her retired mother-in-law. The family runs an agricultural business. They own a dairy cow and sell cheese locally. Additionally, Dodo grows nuts and various of vegetables on the family-owned land and sells the harvest. Besides her agricultural activities, Dodo bakes cakes and distributes them to local groceries. Her son is a mini-bus driver who earns a monthly income. All the family members work hard all day long, but the existing income doesn't cover food and everyday expenses.

Dodo requested a loan from Credo, Kiva's field partner, to start up a family business and build a greenhouse. Her loan request was approved in the framework of a new joint initiative between Kiva and Credo. The start-up loan program envisages providing business start-up and re-startup credits with soft conditions to the vulnerable poor. These people do not have access to credit products, as they're regarded as "high risk borrowers" because of their low income. With this loan, Dodo will purchase all the building materials for the greenhouse. After the greenhouse is built properly, Dodo will grow greens and various types of vegetables. The harvested products will be sold for a good price. The new business initiative, financed with the Kiva start-up loan, will significantly increase the family's income and improve the family's 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
  • 40
    View loans »
    Georgia Loans Fundraising
  • $8,314,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Dodo to construct a greenhouse.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 19, 2013
Aug 20, 2013
Currency Exchange Loss:
Jun 30, 2014