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Maka is 36 years old and lives in the Khobi District with her husband and 3-year-old son. Maka requested a loan from the local financial institutions several times for an agricultural start-up without success. Her loan request was rejected each time because of low income and the family’s poor living conditions. The only source of income for the family is the agricultural business, which is a plot of land where maize, laurel leaves, and citrus are grown. In addition, the family runs a small dairy farm of 3 milk cows, whose milk is used in cheese products. The monthly income of the family is hardly enough to feed three people.

According to Credo estimates, the family belongs to the vulnerable poor category. Maka requested a loan from Credo to start a dairy farm. Her loan request was approved in the framework of a new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to the rural poor who do not have access to credit due to low income (which labels them as “high risk borrowers”).
With the requested loan, Maka will purchase a car which will be used to take the cheese to nearby villages for sale. This will significantly decrease their transportation costs and allow additional savings for home renovation. Maka awaits your support.

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
  • 40
    View loans »
    Georgia Loans Fundraising
  • $8,073,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,100 helped Maka to purchase a car to transport cheese.
100% repaid
Repayment Term
23 months (Additional Information)
Repayment Schedule
Nov 22, 2012
Nov 29, 2012
Currency Exchange Loss:
Sep 17, 2013