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Nana
Nana is a 55-year-old married woman, from the village of Pshaveli. She lives with her husband, who works as a register at private distribution company and generates 320 GEL monthly. Nana doesn't have her own activity and has a great desire to do her bit for the family's welfare. She requested a loan and was approved with the joint initiative between Kiva and Credo that enables people to start or re-start businesses. With the loan money of 2,100 GEL she will purchase a milk cow, start producing milk products, and sell them locally. Nana will generate some income and will somehow help her husband cover all daily costs. Nana will be grateful for the help Kiva lenders provided as she can have her own income and can get a chance to make financial stability.

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.

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About Georgia

  • $4,600
    Average annual income
  • 91
    View loans »
    Georgia Loans Fundraising
  • $7,568,975
    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 $1,225 helped Nana to buy a milk cow and produce milk products for selling.
47% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 18, 2014
Listed
Mar 21, 2014
Currency Exchange Loss:
Possible