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Leila is 40 years old. She is unmarried and lives in Akhmeta District, East Georgia. Leila is an agricultural worker. She provides various seasonal agricultural services to local farmers. She earns 250 Laris per month. Leila can be esteemed to belong to the vulnerable poor category.

Leila used to have a small poultry farm, but she sold her hens two years ago, as she needed to buy medicines for her elderly mother. Now she has requested a loan for re-starting the farm. She received the loan in the framework of a start-up loan program, initiated jointly by Credo and Kiva. This program aims at provision of business start-up or business re-start credits to Georgian rural poor, who do not have access to regular credit products, as they live in poverty and are regarded as “borrowers with high risk of default”.

With the requested credit Leila will purchase chickens and raise them. After 4-5 months she will start the sale of hens. Hens will be sold on the open market of the nearby town by Leila. She will reinvest the profit for further expansion of the farm. Also part of the profit will be used for purchasing necessary household goods, to improve her 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
  • 38
    View loans »
    Georgia Loans Fundraising
  • $7,807,625
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Leila to purchase chickens.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Mar 15, 2012
Mar 19, 2012
Currency Exchange Loss:
Dec 15, 2012