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Manana
Manana is a 63-year-old, pensioned woman from the village of Tskarostavi. She lives with her husband and sister. The family's significant source of income is from monthly assistance. They don't have any other activity, except having some chickens.

Manana finds it hard to live with the financial difficulties and she has a great desire to generate income from agricultural activity. Most people get income from this activity in this area and Manana thinks it will be lucrative for her, too.

With the requested money, she will purchase pigs, breed them, and after they grow, she will sell them at a good price. It will somehow improve the family's living conditions and Manana will more easily meet the daily costs. She will be grateful for the help, allowing her to do her own bit for the family's welfare.

Manana awaits your support.

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

  • $4,600
    Average annual income
  • 75
    View loans »
    Georgia Loans Fundraising
  • $6,886,800
    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 $700 helped Manana to buy pigs.
89% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 12, 2014
Listed
Mar 10, 2014
Currency Exchange Loss:
Possible