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Zviad is an experienced farmer from the village of Nagomari in the Ozurgeti district. He lives with his mother, wife, and three kindergarten-aged daughters.

To take care of his family’s everyday needs, Zviad is engaged in breeding cattle, beekeeping, and cultivating maize and nuts. He sells the agricultural products, mainly dairy, at the local market. This is the main source of the family’s income.

This income isn't enough to meet all the daily needs of his family. A loan of 1500 GEL will be a huge support to this hard-working man and his family. The loan will enable Zviad to purchase a stock of clothing and to start a business. He will sell the clothing locally in his village and in nearby villages as well.

Zviad has been approved for a loan within the framework of a new joint initiative between Kiva and Credo. This start-up program enables rural poor to start or re-start businesses.

Zviad and his family will be thankful to all the lenders for helping to start a business selling clothing.

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
  • 50
    View loans »
    Georgia Loans Fundraising
  • $8,637,875
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Zviad to start a business selling clothing.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 10, 2013
Jan 6, 2014
Currency Exchange Loss:
Jan 22, 2015