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Maka is 44 years old. She lives in alone in Rustavi District. Maka is a professional sewer. She has a sewing machine and is working from her house to earn a small monthly income. This is the only source of living for her and she is working as hard as she can to cover her monthly expenses.

Maka requested a loan from local financial institutions several times for family business start-up, but without any success. Her loan requests were rejected all the time, because of low income and her poor living conditions.

Maka requested a loan from Credo to start-up family business. Maka 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 provision 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 her credit, Maka will purchase additional materials and equipment for sewing. She wants to expand her business. Purchasing more materials and equipment will give Maka an opportunity to work faster and serve more clients. This will significantly increase her income and she will be able to improve her living conditions and cover the monthly expenses.

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
  • 40
    View loans »
    Georgia Loans Fundraising
  • $8,076,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Maka to purchase additional materials and equipment for sewing.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Apr 29, 2013
May 5, 2013
Currency Exchange Loss:
Jun 17, 2014