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Gulnazi is 52 years old. She lives in small village in the Chkhorotsku district with her family: her husband, Zurab, parents, and three children (19, 21 and 22 years old).

Her parents are pensioners. Zurab and their children are workers in construction. Gulnazi is busy with agricultural activities. She has six milking cows and eight calves. She produces dairy food: cheese, curds and yogurt, and sells them on the local open market. Also, she has a plot of land, where she grows maize, and a vineyard. The family members help her in agricultural activities. They pick grapes in fall and sell them locally. The total average monthly income of the family is 500 GEL.

Gulnaz requested a loan for the cultivation of her agricultural land. She will work hard during spring and summer seasons and after the seasonal works are properly done, she hopes to get more harvest. This will increase her sale of corn. With the increased amount of income she will be able to reinvest in the family agricultural business. Also, Gulnazi will repair the house, because the existing one is old and uncomfortable. As a result, the family will be able to spend their evenings after hard working days in a more comfortable environment.

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
  • $8,091,775
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Gulnazi to cultivate land.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jun 4, 2012
Jun 12, 2012
Currency Exchange Loss:
Mar 15, 2013