Check out some available loans that are similar to this one!
Leila
Leila, 40, is from the village of Giorgitsminda and is married to Avtandil. They have three children, two daughters who work at the supermarket as salesladies and a son who is a school attendant. Leila and Avtandil fight for their children's future because they want them to become good people and to be able to study to progress in life.

The family runs an agricultural business and breeds three pigs and eight piglets. They also own a calf and several hens. Leila sells pork, piglets and eggs at the local open-air market.

All the family members work hard, but the existing income is not enough for a five-member family.

She has requested this loan to invest in the purchase of fruits and vegetables to start her business and generate revenue. Leila will sell products in her village among the community members.

The new business initiative, financed by Kiva lenders, will significantly increase the monthly income of the family and will 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

  • $4,600
    Average annual income
  • 101
    View loans »
    Georgia Loans Fundraising
  • $7,213,575
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,425 helped Leila to start trading fruits and vegetables.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 8, 2013
Listed
Aug 10, 2013
Currency Exchange Loss:
Possible
Ended:
May 24, 2014