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Nana is a 47-year-old woman. She lives in Akhmeta district with her son and daughter-in-law who are students. Nana graduated from pedagogical college and works as a teacher at the local public school. Unfortunately, a teacher’s salary is not enough to make ends meet for a family. In the region there is a high unemployment rate, but self-employment helps inhabitants to make a living. So, she decided to start a husbandry business but the local credit providers usually demand experience and some stable income from borrowers. Her 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 - Startup Program that gives rural poor people the chance to start or re-start businesses. With the loan of $3700, Nana will purchase a milking cow and a pig. She will also purchase building materials and build a cattle shed. Nana will produce dairy products to sell and she will generate more income. The Start Up credit will be a great support for the family, as their income will be significantly increased.

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
  • 36
    View loans »
    Georgia Loans Fundraising
  • $7,802,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $3,700 helped Nana to purchase a milking cow and a pig, and build a cattle shed.
89% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Aug 30, 2013
Sep 14, 2013
Currency Exchange Loss: