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Jilda
Jilda is a 29-year-old married woman. She lives with her husband, child, and parents-in-law. Her father-in-law is provided with a retirement pension. Jilda works at a local kindergarten and earns 150 GEL per month. Her husband is unemployed now. As the income is not enough to cover their everyday costs, Jilda requested a loan. The Start Up program, which is a joint initiative with Kiva and Credo, enables her to get a loan of 3,000 GEL to purchase calves. She will raise them and start producing dairy products to sell. The Start Up program will be a great support for her family.

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

  • $4,600
    Average annual income
  • 55
    View loans »
    Georgia Loans Fundraising
  • $7,155,125
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,825 helped Jilda to purchase calves.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2013
Listed
Oct 4, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014