Check out some available loans that are similar to this one!
Nora, a 55-year-old widow, lives in the village of Lelovani with her family: her grown son, grandchild and daughter-in-law. Nora earns a living with an animal husbandry business, breeding two dairy cows and a calf. She produces cheese to sell. As well, Nora cultivates a plot of land upon which she sows maize and potatoes. She also has a garden as well as walnut and apples trees. The family sells the harvested products at the local open market.

Because her income is barely enough for daily expenses, Nora and her son have decided to start a new business. With this start-up loan, she will purchase a truck with which her son will offer a transportation service to transport a variety of goods as dictated by their customers.

Nora hopes to renovate her house and improve the living conditions of her family in the future. She would like to thank all Kiva lenders.

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
  • 38
    View loans »
    Georgia Loans Fundraising
  • $7,807,625
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Nora to purchase a truck and start a transportation service.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 9, 2013
Sep 11, 2013
Currency Exchange Loss:
Sep 17, 2014