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Tsiala, age 43, is from the village of Ubisa. She is a widow and lives with her son, daughter-in-law, and an infant grandson. Tsiala works at a restaurant, where she cleans and washes dishes. Her monthly salary is nearly $150. After work, Tsiala helps her son in running an agricultural business. Specifically, the family breeds five pigs and plans to sell them in wintertime when pork prices are higher. In addition, Tsiala grows nuts and walnuts in her garden and sells the harvested products locally.

The family income is modest and Tsiala wishes to start a trading business to generate monthly funds. With this start-up loan, Tsiala will purchase a car. She and her son will purchase cheese at wholesale prices in their village and transport the products by car at the neighboring town. They will sell cheese among retailers with a price mark-up and earn additional income for their family's well-being.

The increased profit will be reinvested in the same business and Tsiala hopes she will be able to improve the standard of living for her family members in the future.

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
  • 36
    View loans »
    Georgia Loans Fundraising
  • $7,910,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $4,000 helped Tsiala to purchase a car and use it in cheese trading.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Oct 8, 2013
Nov 5, 2013
Currency Exchange Loss:
May 17, 2015