Check out some available loans that are similar to this one!
Iamze is 47 years old. She is married and lives in Kareli District with her husband, Grigol, and two children, who go to school. Iamze requested a loan from local financial institutions several times for a family business start-up, but without any success. Her loan requests were rejected all the time because of her low income and the family’s poor living conditions.

The only source of the income for the family is from agricultural activities. In particular, they have a hectare of agricultural land, where haricot nut trees and cherry trees are grown. Besides thhis, her husband works as an artisan and gets a monthly income. It is hardly enough for food for the family. According to Credo estimations, the family belongs to the subsistence poor category.

Iamze requested a loan from Credo to start up a family business. 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 country's rural poor, who do not have access to credit products, being regarded as “high-risk borrowers” because of low income.

With the received credit, Iamze will purchase a milk cow. After purchasing a milk cow, she plans to produce dairy products and increase the income of the family. A small part of the loan will be used to cultivate the land for sowing seeds. The new business initiative, financed with the Kiva start-up loan, will significantly improve the living conditions of the family.

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
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Iamze to purchase a milk cow and cultivate the agricultural land.
100% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Feb 26, 2013
Feb 28, 2013
Currency Exchange Loss:
Aug 17, 2014