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Ketevan is a 38-year-old married woman. She lives with her husband and five children in a small village of Martvili district. Her husband is a physical worker and gets 300 Gel per month.

Ketevan is actively involved in agricultural activities. She has a pig and sells piglets. She also has land where maize and nut trees are grown. She is a very hardworking woman and always has high-quality products which are sold to local retailers.

Ketevan decided to start a dairy business and requested a loan. The Start-Up program, which is a joint initiative with Kiva and Credo, gives her a chance to get a loan of 1,800 Gel and purchase a cow. She will start producing dairy products to sell.

The Start-Up program enables her to generate more income and improve the living conditions for her five children.

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
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Ketevan to purchase a cow.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Aug 27, 2013
Sep 26, 2013
Currency Exchange Loss:
Feb 17, 2014