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Venera is a 49-year-old married woman from the village of Khachkovi. She lives with her husband, son, and daughter. The family runs agricultural activities; they have milk-cows and Venera sells their products locally. Also Venera and her husband cultivate a plot of agricultural land, grow potatoes, and use it for local trading.

Venera's son is a musician who plays at events such as weddings. His income is important for the family's welfare, so Venera requested a loan to aid her son's activity. With the loan of 3000 USD she will purchase improved musical instruments to help her son play better and get more orders to play. Venera and her family will be glad and will greatly appreciate your help.

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
  • 74
    View loans »
    Georgia Loans Fundraising
  • $7,714,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Venera to buy musical instruments.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Dec 31, 2013
Feb 24, 2014
Currency Exchange Loss:
Mar 19, 2015