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Khalida is a 60-year-old, hard-working woman, living in the village of Algeti, in the Marneuli district. She lives with her daughter and son, who are temporarily unemployed.

Khalida works hard on the family owned vineyard, and also rents a plot of agricultural land. However, the income isn't stable and her business needs some investment for further development. After several unsuccessful attempts, Khalida applied for a loan from MFO Credo. Her request was approved within the framework of Start Up program, which is a joint initiative with Kiva, permitting the rural poor to start or re-start businesses.

With the requested money, she will cultivate the land, plant alfalfa and sell it locally. She will be able to generate more income and make a better life for her children.
The family's living conditions will improve, and the family will have enough income to access regular credit products that are available on the country’s capital market, in case of need. Khalida 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

  • $6,100
    Average annual income
  • 36
    View loans »
    Georgia Loans Fundraising
  • $7,802,825
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,300 helped Khalida to cultivate her land and plant alfalfa.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Mar 12, 2014
Apr 12, 2014
Currency Exchange Loss:
Dec 4, 2014