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Maia is 31 years old. She lives in Akhaltsikhe District with her mother, sister, 11-year-old daughter, and infant nephew. Maia 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 only source of income for the family is the monthly salary of Maia’s mother. She is working as a cleaner at the local military police station and earns a small salary, which is not enough to feed a five-member family.

Recently, Maia requested a loan from Credo, to start up a family business. Her loan request was approved, in the frame of a new joint initiative of Kiva and Credo. The Start-up Loan program envisages provision of business start-up and restart-up credits, with soft conditions, to rural poor people, who do not have access to other credit products, being regarded as “high risk borrowers” because of low income.

With the received credit, Maia will start trading. She will purchase clothes and household goods at the wholesale prices from the big market in the capital city, and bring the goods to her district, where she will sell them with a retail price mark-up among the villagers. She will reinvest the profit in the same business, in order to develop her trading activity. This will help her to bring additional income into the family and provide better living conditions for them.

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
  • 41
    View loans »
    Georgia Loans Fundraising
  • $7,931,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Maia to start a business, trading in clothes and household goods.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 5, 2013
Apr 17, 2013
Currency Exchange Loss:
May 17, 2014