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Ahida
Ahida is 49 years old. She lives in a small village of the Lagodekhi District with her husband and two daughters. Ahida requested loans from local financial institutions several times for a family business start-up, but without any success. Her loan request was rejected because of low income and the family’s poor living conditions.

The only source of income for the family is from their sheep-breeding business. They have 40 sheep and sell lambs locally. It is hardly enough to provide food for the family. According to Credo estimations the family belongs to the subsistence poor category.

Ahida requested a loan from Credo to start-up a family business. Ahida has now been approved for a loan within the framework of the new joint initiative of Kiva and Credo. The start-up loan program envisages provisions of business start-up and re-startup credits with soft conditions to rural poor people, who do not have access to credit products. These rural poor people are regarded as “high risk borrowers” because of their low income. With his credit Ahida will purchase milking cows. After purchasing the cows she will be able to produce dairy products for selling. She will be able to expand her husbandry business and increase the income of the family. 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
  • 32
    View loans »
    Georgia Loans Fundraising
  • $7,796,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $5,000 helped Ahida to purchase milking cows.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 23, 2013
Listed
Apr 29, 2013
Currency Exchange Loss:
N/A
Ended:
May 17, 2014