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Izolda
Izolda is a 60-year-old woman. She lives with her son in a small village of the Gardabani district. She is provided with a retirement pension. Her son is an artisan in building and gets GEL 250 per month.

Izolda decided to run her own dairy business, so she has requested a loan for purchasing a cow and food for it. The Start Up program, which is a joint initiative with Kiva and Credo, gives her a chance to get a loan of GEL 1,500. She will purchase a cow and will milk it every day to produce cheese products to sell.

She is very motivated to have her own business and plans to sell her cheese in local markets.

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
  • 70
    View loans »
    Georgia Loans Fundraising
  • $7,714,400
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Izolda to purchase a cow and food for it.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 21, 2013
Listed
Sep 25, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014