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Neli is 49 years old. She lives in Tsablovana village, Khashuri district with husband, Suliko, and two children (21-year-old Mariam and 28-year-old Vazha). Neli requested a loan from local financial institutions several times for a family business start-up, but without any success. Her loan request was rejected all the time, because of low income and the family’s poor living conditions.

The main source of the income for the family is from agricultural activities. They have one milk cow and a plot of land, where wheat is grown. Neli is milking the cow to make cheese and sells it with the harvested wheat locally at the markets. In addition, Mariam and Vazha are getting social pensions from the government as they are invalids. Neli and Suliko are very hardworking people, trying to earn a monthly income to provide all the needed conditions for their children.

Neli requested 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, Neli will purchase seed for maize, haricot and barley and also fix their tractor. They have an unused plot of land which will be cultivated and used for planting the seeds. Harvested products will be sold locally at the markets. Neli hopes that developing her agricultural business will increase her monthly income. This will help the family to have better living conditions, and Neli and her husband will be able to look after their children better.

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
  • $7,802,825
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Neli to purchase seed for maize, haricot and barley and also fix the tractor.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 11, 2013
Mar 22, 2013
Currency Exchange Loss:
Apr 16, 2014