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Neli is 56 years old. She lives in a small village of the Samtredia district. Neli is actively involved in agricultural activities and has bee hives and colonies that produce honey which she sells. She also has a plot of agricultural land where she grows maize, haricot, and nuts. Neli always has high quality products which she sells to local retailers for a good price. As the family has only seasonal income, she decided to start dairy farming and she has been seeking loans from local financial institutions. Neli’s attempts have been unsuccessful because of her poor living conditions.

Neli is requesting a 1,500 GEL loan to purchase a cow. Her loan has been approved under the framework a startup program that is a joint initiative between Kiva and Credo. This program enables the rural poor and inexperienced to get loans for starting or re-starting businesses. Once she has purchased her cow, Neli will start producing dairy products such as cheese and yogurt to sell. Her new business initiative will give her the chance to have financial stability and a monthly income.

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
  • 39
    View loans »
    Georgia Loans Fundraising
  • $8,091,775
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Neli to purchase a cow.
100% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Aug 30, 2013
Sep 15, 2013
Currency Exchange Loss:
Jan 22, 2015