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Mzia, 54, lives with her grown daughter in the village of Khoshatiani. Mzia runs small-scale agricultural business and breeds two milk cows. She produces dairy products for selling as wells as family consumption. She also has a nut garden and sells the harvest seasonally.

In order to generate monthly income, Mzia decided to start up a grocery store near her house, but she found she didn’t have enough money to do so.

Unfortunately, Mzia was unable to obtain a loan from existing financial institutions, as they required business experience and stable income as a precondition to a loan. But Mzia has now received her loan within the framework of a new joint initiative between Kiva and Credo. This start-up loan program provides start-up and re-startup loans with easy terms to the vulnerable poor who do not have access to credit products.

With a loan of 2,500 GEL, Mzia will purchase stock of basic groceries to start a store. She and her daughter will work as salespersons and serve the clients in a friendly way. Mzia is a very determined lady and hopes her project will be lucrative. She awaits your generosity.

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
  • 44
    View loans »
    Georgia Loans Fundraising
  • $7,799,500
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Mzia to purchase stock of merchandise and start up a grocery store.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Oct 24, 2013
Nov 3, 2013
Currency Exchange Loss:
Dec 17, 2014