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Natela is from the village Napareuli in East Georgia. She is married and lives with her family: husband Ivane and their 25-year-old son. She requested a loan from local financial institutions several times for her agricultural business start-up, but without any success. Her loan request was rejected all the time, because of her low income and family’s poor living conditions.

Ivane works as a night watchman on a village farm. Her son is a worker in the village. Natela is a housewife. Their total average monthly income is 250 Laris. According to Credo estimations, Natela and her family belong to the subsistence poor category.

Natela requested an agricultural loan from Credo to start up a small-scale agricultural business. Her loan request was approved because of the new joint initiative of Kiva and Credo. The start-up loan program envisages the provision of business start-up and re-startup credits with soft conditions to the country's rural poor, who do not have access to loans, as they are regarded as “high risk borrowers” because of low income.

With the received credit, Natela will cultivate the family-owned 0.3 hectares of land and sow maize. In particular, with the loaned amount she will rent a tractor for tilling the land and purchase maize for sowing. She will work hard on the plot during summer period to get a good harvest in early fall. Natela will sell harvested maize on the local open market. As a result of the Kiva loan, the family will get additional income and will use if for improving their 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 $250 helped Natela to pay for land cultivation and to purchase maize.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 6, 2012
Jun 14, 2012
Currency Exchange Loss:
Jul 17, 2013