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Manana is 27 years old. She lives in a small village of Tskaltubo District. She lives with her family: husband – Zaza, her five-year-old daughter, her four-year-old son and her father in law. The family earns a living through agricultural business. They have a plot of land, where greens are grown. Zaza sells harvested greens at Kutaisi (a nearby town) market. The total average monthly income of the family is 150 Laris per month. According to Credo estimations the family belongs to the category 'subsistence poor'.

Manana has requested credit for the construction of greenhouses. Her loan request was approved in the frame of new joint initiative between Kiva and Credo. The start-up loan program envisages the provision of business start-up and re-startup credits with soft conditions to the rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of their low income.

With the received credit Manana will purchase materials to construct greenhouses (iron pillars and polyethylene) and vegetable seeds. Zaza and Manana will grow greens, cucumbers and tomatoes in the greenhouses throughout the whole year. They will sell the harvested products on Kutaisi Market. The income of the family will significantly increase. They will be able to combat their poverty and in the future the family will have enough income to access regular credit products available on the country’s capital market, in case of need.

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
  • $7,906,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Manana to purchase materials to construct greenhouses and vegetable seeds.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 5, 2012
Apr 19, 2012
Currency Exchange Loss:
Jan 15, 2013