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Aleksandre is 45 years old; he is married, and lives with his wife and 11-year-old son in the village of Sveri. The family runs a small-scale agricultural business and sells the harvested cereal crops which are grown on their own piece of land. The income from the activity is seasonal, and in order to generate a monthly income, Aleksandre is requesting a loan to purchase a milk cow and two calves.

His loan request was approved within the frame of a joint initiative between Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to the country rural poor, who do not have access to credit products, being regarded as “high-risk borrowers” because of low income.

After purchasing the livestock, Aleksandre will keep them in a shed located in his yard. His wife will produce dairy products with the received milk, and sell them from their house.

The calves will be raised, and after several months they will be sold for a good price. The new initiative will generate income and Aleksandre will be able to improve the standard of living for his family members.

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
  • 41
    View loans »
    Georgia Loans Fundraising
  • $8,578,400
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,525 helped Aleksandre to purchase a milk cow and two calves.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Sep 27, 2013
Oct 18, 2013
Currency Exchange Loss:
Nov 17, 2015