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Manana, 53, lives with her grown daughter-in-law and grandchild in Kutaisi city. The source of income for the family is small-sized money transfers from abroad where Manana’s son works. In order to generate monthly income on her own, Manana decided to start up a grocery store near her house, but she found she didn’t have enough money to do so. Unfortunately, Manana 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 Manana 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 for the vulnerable and poor who do not have access to credit products.

With a loan of 5,000 USD, Manana will purchase stock of basic groceries to start a store. She owns commercial space and Manana will save the rental costs. She and her daughter-in-law will work as salespersons and serve the clients in a friendly way.

Manana 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
  • 41
    View loans »
    Georgia Loans Fundraising
  • $7,896,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $5,000 helped Manana to purchase stock of basic groceries to start a store.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Oct 30, 2013
Nov 19, 2013
Currency Exchange Loss:
Feb 17, 2014