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Goderdzi, age 47, is from the village of Dzirula. He is living with his wife and retired mother. The family earns their main income from an agricultural business. Specifically, Goderdzi has one milking cow, three calves, eight sheep, and eight beehives with bee colonies. His wife makes cheese for selling as well as for family consumption.

In order to generate a stable monthly income, Goderdzi decided to start up a grocery store in his village and sell various food products. The family has already built a store and now is requesting a loan to buy stocks of merchandise, such as meat and dairy products, oil, pasta, rice, and other products. Goderdzi and his wife will work as salespersons and serve their clients in a friendly way. The family will get monthly income and they will be able to cover household expenses as well as improve their living conditions in the future.

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
  • 37
    View loans »
    Georgia Loans Fundraising
  • $8,323,825
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Goderdzi to start a grocery store.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 19, 2013
Dec 19, 2013
Currency Exchange Loss:
Feb 17, 2015