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Anna is 41 years old. She lives with her son in the small village of Marneuli district. Anna has 2 pigs and a plot of agricultural land, where sunflowers are grown. She sells the harvested sunflower locally at a good price. As the income is only seasonal, and not enough to cover everyday costs, Anna decided to get a loan for a business. But the local credit providers usually demand experience and some stable income from the borrowers. Anna’s credit requests were rejected several times, as she was unable to satisfy their requirements.

She received the credit in the framework of a joint initiative of Kiva and Credo. This is a start-up program that gives rural poor people the chance to start or re-start businesses. With the loan of $4,000, Anna will purchase a car and start trading fruits and vegetables. Her son will be a driver and will help her to generate income. Anna will purchase fruits and vegetables at wholesale prices and then resell them in different villages at a higher price. This will increase her income 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

  • $6,100
    Average annual income
  • 50
    View loans »
    Georgia Loans Fundraising
  • $8,096,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $4,000 helped Anna to begin trading fruits and vegetables.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Aug 10, 2013
Sep 12, 2013
Currency Exchange Loss:
Mar 19, 2015