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Neli lives in Gurjaani District. She is 43 years old, married and lives with her husband and two children (7 and 11 years old). The source of income for the family is the agricultural business. They have a small vineyard and a plot of land where strawberries and peaches are grown. Neli sells the harvested products locally. Neli and her husband decided to start a`new business as their existing income wasn't enough for the family. Her loan request was approved in the frame of a new joint initiative between Kiva and Credo. The start-up loan program envisages the provisions of 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 incomes. With the loan, Neli will purchase a car and her husband will serve the local people as a taxi driver. They also will use the car in trading and save the transportation costs of their harvested products. The income of the family will increase and they will be able to improve the living conditions of the family. Along with the above-mentioned, the family will have enough income to access regular credit products available in the country’s capital market in case of need.

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
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,425 helped Neli to purchase a car for her husband to use as a taxi.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Dec 14, 2012
Jan 9, 2013
Currency Exchange Loss:
Mar 15, 2013