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Maia is 48 years old. She is married and lives with her husband in the capital city of Georgia. Maia’s husband works as an elevator technician and gets a monthly salary. Maia’s economic activity is a newly started business. In particular, a small store where tobaccos, beverages and different kinds of snacks are sold. Maia requested loan from local financial institutions for the business expansion, but without any success. Her loan request was rejected, because of low income and insufficient experience in her business.

Maia was involved in the same type of business during three years and worked as a saleslady, but the owner decided to stop the business because of financial problems. Maia started her own business, as the project was profitable. Her loan request was approved in the frames of new joint initiative between Kiva and Credo. The start-up loan program envisages provisioning business start-up and re-startup credits with soft conditions to the country's 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, Maia will enlarge and develop her store. She will purchase stocks at wholesale prices and sell for a higher profit. The new business initiative, financed with the Kiva Start-up loan will significantly increase her monthly income and Maia will reinvest the received profit in the same business. She awaits your help and kindness.

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
  • 43
    View loans »
    Georgia Loans Fundraising
  • $8,094,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $300 helped Maia purchase stocks for her store.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Dec 26, 2012
Jan 4, 2013
Currency Exchange Loss:
Dec 20, 2013