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Maia
Maia is a 45-year-old woman. She lives with her son in a small village in Kaspi district. Maia has a vineyard and produces wine to sell. In addition, the family has a plot of agricultural land where maize is grown.

Maia decided to purchase a cow and start producing dairy products. The Start Up loan, which is a joint initiative with Kiva and Credo enables her to get a loan of 1200 Gels to purchase a cow. After the cow is purchased, the family will start producing dairy products to sell. This will increase the income for the family. With the increased income they will be able to improve their living conditions.

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
  • 106
    View loans »
    Georgia Loans Fundraising
  • $7,325,800
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Maia buy a dairy cow.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 9, 2013
Listed
Oct 24, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014