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Ivlita is from the village Napareuli, Kakheti Region. She is 43 years old and lives with her family, husband Archil, and 22-year-old son. Archil works as a night watchman and their son is unemployed.

According to Credo’s estimations Ivlita’s family belongs to the group of rural subsistence poor. The monthly income of the family is on average 500 Laris. Ivlita cultivates a family-owned plot of the land, where tomatoes and maize are grown. Harvested products are mainly consumed by the family, though some surplus is sold on the local market.

Ivlita received the loan in the framework of a start-up program. She will start a new family business with the loan. She plans to purchase calves. After 12 – 14 month the calves will turn into milk cows. Ivlita will start cheese production. She will sell the cheese on the local market. It will significantly increase the income of the family. Ivlita will be able to purchase additional household goods to improve the family living conditions. Also part of the additional profit will be reinvested in dairy farming, in order to improve it and increase its profitability.

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
  • 44
    View loans »
    Georgia Loans Fundraising
  • $7,931,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Ivlita to purchase calves.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jan 18, 2012
Jan 24, 2012
Currency Exchange Loss:
Apr 17, 2013