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Jeikhun is a 26-year-old married man. He lives with his large family: wife, parents, and grandparents in the Gardabani district in eastern Georgia. His grandparents are provided with a retirement pension.

The family has been running an agricultural business for five years. Specifically, they grow trees and from the trees they make brooms to sell.

Jeikhun decided to diversify the business and raise calves to sell. He requested a loan several times but his attempts were rejected. The start up program, a joint initiative between Kiva and MFO Credo, gave him a chance to get a loan of 3,100 Gel. With this credit, Jeikhun will purchase four calves, raise them, and sell them in his district. The increased income will help him to the cover expenses of his family.

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
  • 43
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,875 helped Jeikhun to purchase four calves.
100% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Aug 21, 2013
Sep 23, 2013
Currency Exchange Loss:
Feb 17, 2015