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Ledi is 22 years old and lives in Mukhiani in the Tskaltubo district with her 25-year-old husband, mother-in-law and one year old son. Ledi requested a loan from local financial institutions several times to start up a family business, but her loan request was rejected every time, because of their low income and the family’s poor living conditions.

Their main source of the income is from agricultural activities. In particular, they have a milk cow and a plot of agricultural land to grow greens. The cow’s milk is used to make dairy products which are sold with the harvested greens at the local markets. Ledi’s husband is an artisan and he works on private orders for a small monthly salary.

Ledi was approved for a loan from Credo to start-up a family business. With her credit, Ledi will purchase all the needed materials to build a greenhouse where she will grow vegetables that will be sold at the local markets. Ledi will then be able to earn additional income for the family to improve their living conditions.

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
  • 35
    View loans »
    Georgia Loans Fundraising
  • $7,796,600
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,325 helped Ledi to purchase all needed materials to build a greenhouse that will be used to grow greens to sell.
96% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 18, 2013
Apr 30, 2013
Currency Exchange Loss:
May 17, 2015