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Rezo is a 48-year-old married man. He lives in a small village in the Sachkhere district with his wife and two children. His children go to school. Rezo is involved in agricultural activities. In particular, he has two cows. His wife milks the cows every day and produces cheese to sell. In addition, he has 1.25 hectares of land, where he grows maize and haricot. Rezo decided to start a new business and requested a loan. The start up loan, which is a joint initiative with Kiva and Credo, enables him to borrow 2500 Gel for purchasing two buffaloes. He will use them to transport wood from the forest to sell.

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
  • 50
    View loans »
    Georgia Loans Fundraising
  • $8,637,875
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,525 helped Rezo to purchase buffaloes.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Aug 29, 2013
Oct 3, 2013
Currency Exchange Loss:
Oct 17, 2014