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Manana lives in the Kutaisi District. She is 45 years old and lives with her grown son. Both family members are unemployed at the moment, and they have no source of income. Manana has requested loans from local credit providers several times, but her loan requests are always rejected because of low income and the lack of experience in new business.

Her current loan request was approved within the framework of a new joint initiative between 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 credit products, being regarded as “high risk borrowers” because of their low incomes.

Manana owns a disordered plot of land, which she will clean and make even using the loan funds. After the land is leveled off, Manana will sell it in lots. This will improve the family's income and raise their standard of living. This will also help the family to earn enough income to access regular credit products available in the country’s capital market.

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
  • 37
    View loans »
    Georgia Loans Fundraising
  • $7,931,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $5,000 helped Manana to level off and clean land for sale.
81% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Dec 27, 2012
Jan 10, 2013
Currency Exchange Loss: