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Davit is a 28-year-old married man. He lives with his wife, two children and parents in the Gurjaani district in eastern Georgia.

Davit is involved in agricultural activities. In particular, he has a vineyard and peach trees. He works hard and always has high quality products, which are sold to local retailers at a good price.

Davit requested a loan to start his own business. The Start Up program, which is a joint initiative by Kiva and Credo, enables him to get a loan of 1,500 GEL for trading fruits and vegetables. Davit will purchase a stock of fruits and vegetables and then sell them at higher price, which will increase his income.

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
  • 46
    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 $925 helped Davit to begin trading fruits and vegetables.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Aug 29, 2013
Oct 4, 2013
Currency Exchange Loss:
Feb 17, 2014