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George is a 26-year-old married man. He lives with his wife, brother and parents in a small village in the district of Dusheti.

Agricultural activities are the only source of income for the family. In particular, George has cows. His wife and mother milk the cows every day and produce dairy products, which are sold at local markets at a good price. George decided to expand his herd of cattle and purchase additional cows. The Startup program, which is a joint initiative by Kiva and Credo, enables him to get a loan of $3000 to purchase the cows.

As additional cows are purchased, the family will produce and sell more dairy products. Their income will increase and they will improve their living conditions.

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
  • 52
    View loans »
    Georgia Loans Fundraising
  • $8,643,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $3,000 helped George to purchase a cow.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Aug 30, 2013
Oct 4, 2013
Currency Exchange Loss:
Nov 3, 2013