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Tea, age 30, is from the Sagarejo district. She is married with two school age children; she lives with her retired parents. Tea leads the family agricultural business, and breeds cows, whose milk is sold locally. In addition, Tea has several chickens and sometimes sells eggs from her house. Tea’s husband serves local people as a taxi driver with his own car and earns daily money.

Now, Tea is requesting a loan to expand the family agricultural business and buy calves. Part of the loan will be used for buying feed for cattle. After purchasing livestock, she will raise them and sell them in the fall season for a higher price. It will generate an income, and the new business initiative financed with the Kiva start-up loan will significantly improve her 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

  • $6,100
    Average annual income
  • 38
    View loans »
    Georgia Loans Fundraising
  • $7,807,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $3,600 helped Tea to buy calves and feed for them.
80% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 15, 2013
Dec 17, 2013
Currency Exchange Loss: