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Indira is 34 years old. She lives in a village of Tskaltubo District, West Georgia. Indira is unmarried and lives with the family of her younger sister – Londa (her sister), her brother-in-law, her 3-year-old nephew and 4-year-old niece. Londa is a student. Indira is busy with agriculture, which is the main source of the income for the family. She grows maize on the family-owned 1 hectare of land. Maize is sold on the local market and brings the family on average 200 Laris per month. This income is hardly enough for feeding family members.

Indira requested credit for starting up an agricultural business. Her loan request was approved in the framework of a new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-start-up credits with easy conditions for country rural poor, who do not have access to credit products, and are regarded as “high risk borrowers” because of low income.

With the loan Indira will start up a dairy farm. She will purchase four milk cows. Cows will be placed in an old cattle-shed, located in Indira’s yard. She will produce on average 100 kg of cheese, 90 of which will be sold on the local market, to dairy products retailers. The income of the family will increase by 500 – 600 Laris, which will mean 150 – 200% increase. The living conditions of the family will significantly improve and the family will have enough income to access regular credit products available on the country’s capital market.

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
  • 39
    View loans »
    Georgia Loans Fundraising
  • $8,073,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Indira to purchase four milk cows for starting up a dairy farm.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 14, 2012
Mar 19, 2012
Currency Exchange Loss:
Apr 16, 2014