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Nino
Nino is from the village of Ghaniri. She is 44 years old and married with two children. The only source of income for the family is a small monthly salary earned by Nino’s husband who works at the local cattle farm.
Nino and her family members live below the poverty line and get a small monthly social assistance from the local government. It’s often difficult for the family to cover feeding costs that is why Nino decided to purchase a milk cow and start a dairy business. Nino will produce cheese for selling as well as family consumption. This loan will be a great support for Nino’s family, as it will generate income. Nino thanks you for your kindness.

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
  • 75
    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 $900 helped Nino to purchase a cow and start producing cheese.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 12, 2013
Listed
Nov 3, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014