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Mzia is 39 years old and married. She lives with her husband and five children in the Batumi district, a seaside resort on the Black Sea. Her daughter works as a sales person at a clothes shop and gets 300 Gel per month. Mzia has rent out an apartment, which provides a monthly income of US$ 200. She runs a shop and works there during the day.

Mzia has decided to add a café to the shop and to purchase furniture. The Start Up loan, which is a joint initiative between Kiva and MFO Credo, enables her to get a loan of US$ 2,400 for purchasing all the needed equipment for the café. The seaside resort is very popular, especially in the summer.

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
  • 40
    View loans »
    Georgia Loans Fundraising
  • $8,073,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,400 helped Mzia to expand her shop and start a cafe.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Aug 26, 2013
Sep 29, 2013
Currency Exchange Loss:
Apr 17, 2015