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Maka is a 38-year-old experienced farmer, from the village of Ratevani. She lives with her husband, parents-in-law, and two school-aged children. To take care of her family’s everyday needs, Maka is engaged in milking cows, breeding pigs, and cultivating of potatoes, maize, and beans. They also cultivate vineyard and sell wine for a good price. Maka's husband trades with the agricultural products at the local market, which is the main source of the family income.

Maka wants to be involved in another parallel activity, to ensure that she will be able to cover the monthly payments freely. A loan of 3,000 GEL will be a huge support to this hardworking woman and her family, enabling them to purchase stocks of clothing and start trading.

So she has now been approved for a loan within the framework of the new joint initiative between Kiva and Credo, which gives a chance for people to start or re-start businesses. Maka and her family will be thankful to all the lenders for helping them maintain their trading business.

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
  • 37
    View loans »
    Georgia Loans Fundraising
  • $8,073,000
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,725 helped Maka to start a trading business with clothing.
78% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 24, 2014
Mar 1, 2014
Currency Exchange Loss: