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Demuri is 62 years old and a farmer. He is from the village of Vejini, in Gurjaani district. He lives with his wife, daughter and grandson. His daughter works as a cashier, and gets 250 GEL in monthly income. Demuri has been involved in agricultural business from early childhood. His parents were farmers, and this is a traditional activity for the family. He owns a vineyard and sells grapes, in season.

He wants to expand the family farming activity, so he sought credit among local financial institutions. The Start-up Program, which is a joint initiative between Kiva and Credo, enables rural poor people to get loans for starting or restarting businesses. His application was approved under the framework of this program, to get a loan of 3,500 GEL. He will use the loan for purchasing grape vine seedlings and expanding the vineyard, and also to purchase calves. He will cultivate the purchased seedlings and will pick more grapes in future, after expansion of the vineyard. He will also raise the calves, and the family will start producing dairy products to sell -- for example, cheese and yogurt. They could also use the milk products for feeding the family. The new business initiative will give Demuri a chance to have financial stability.

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
  • 42
    View loans »
    Georgia Loans Fundraising
  • $8,567,900
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,050 helped Demuri to buy calves, and expand the vineyard with new vine seedlings.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Nov 28, 2013
Dec 22, 2013
Currency Exchange Loss:
Jan 22, 2015