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Naira
Naira, age 63, is from the village of Sakobo, Kakheti region. She is widowed and lives alone. Naira earns a living through working in the local farmers fields as a hired worker, and her income is modest and unstable. In order to generate more income, Naira decided to produce Churchkhela (Traditional Georgian sausage-shaped candies, produced with grape must, flour, and threaded nuts onto a string) to sell. But she doesn't have grape, the main ingredient for it.

With the received credit, Naira will purchase grapes, squeeze them, and produce grape juice. She will make Churchkhela and sell the candies for a good price. Churchkhela is one of the main dishes for the New Year’s table, and it’s possible to keep it for several months.

Naira’s products will have high quality, and after selling them, Naira will get good profit.

She awaits your support.

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
  • 50
    View loans »
    Georgia Loans Fundraising
  • $7,088,700
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Naira to produce Churchkhela (Georgian candy) to sell.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 25, 2013
Listed
Oct 9, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014