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Lavra is 43 years old. She lives in a village of mountainous Kakheti, East Georgia. Lavra is divorced and she lives with her two sons (23 and 6 years old) and 73-year-old mother. Her younger son goes to school. Her elder son works as a worker. Lavra's mother has health problems. She gets a monthly pension.

Lavra grows tomatoes, cucumbers and greens in her garden. She sells harvested products in the village. The total average monthly income of the family is 350 Laris, including the pension of Lavra's mother. It is hardly enough for feeding the four-member family. According to Credo estimations, the family belongs to the vulnerable poor category.

Lavra requested credit for starting up an agricultural business. She received the loan in the framework of a new joint initiative of Kiva and Credo startup loan program, which envisages provision of business start-up and re-startup loans with soft conditions to the rural poor, who do not have access to credit products because they are regarded as "high risk borrowers" due to their low income.

With the credit Lavra will purchase calves. She will feed them for five to six months and sell them for a profit in early fall. The family will get additional income. Lavra plans to re-invest part of it in the same business, and use the other part to improve the family's living conditions.

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
  • 41
    View loans »
    Georgia Loans Fundraising
  • $7,896,375
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Lavra to purchase calves.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Mar 12, 2012
Mar 19, 2012
Currency Exchange Loss:
Dec 15, 2012