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Maka is from Imertubani, South Georgia. She is 32 years old and lives with her family: her husband, Gocha; her mother-in-law; and two sons, nine and six years old, who go to school. Maka has requested loans from local financial institutions for her trade business start-up several times, but her loan requests were rejected because of her family’s low income and the higher risks associated with start-up businesses.

Maka and Gocha have 2 hectares of land where they grow potatoes, which they sell to local wholesalers. The total average monthly income of the family is 400 GEL. According to Credo estimations Maka and her family belong to the "subsistence poor" category.

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

With the loan credit, Maka will purchase a mini-bus. She and Gocha will use it to transport fruits and vegetables for sale. They will purchase produce from local farmers at wholesale prices and sell it from the mini-bus in nearby towns. The family will earn additional income and they will be able to improve 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
  • 39
    View loans »
    Georgia Loans Fundraising
  • $8,091,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Maka to purchase a mini-bus for a produce sales start-up.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Jun 6, 2012
Jun 14, 2012
Currency Exchange Loss:
Nov 17, 2014