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Simon is a 29-year-old married man from a small village in the Telavi district, Kakheti region, east Georgia. He lives with his wife, three children, parents, and grandmother. His grandmother is provided with a retirement pension. Simon and his father are working on painting cars from home. This is the only source of income for the family.

Simon decided to request a loan and purchase five cows. He sought credit among local financial institutions, but his attempts were unsuccessful because of his poor living conditions. The start up program that is joint initiative between Kiva and Credo enables the rural poor and inexperienced people to get a loan for starting or re-starting businesses. His application was approved under the framework of this program to get a loan of $5,000.

With the received credit, he will purchase five cows, fatten them and sell them in the winter at a higher price to increase income.

With increased income, he will provide better living conditions for his children. With support of the start up program, Simon will get an opportunity to be involved in his own business and tackle the financial difficulties.

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
  • 45
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $5,000 helped Simon to purchase five cows, fatten, and sell at a higher price.
Repayment Term
13 months (Additional Information)
Repayment Schedule
Aug 19, 2013
Sep 21, 2013
Currency Exchange Loss:
Oct 21, 2013