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Update on Mariam

This is Mariam's second Kiva loan. With the first loan amount, she purchased calves and expanded her agribusiness. Mariam is still working hard on family owned agricultural land, harvesting products and using them for local trading. Her family has enlarged, so now Mariam has two grandsons and it is clear the family needs have increased.

With the newly requested money she plans to start a trading business, particularly to open a toy shop in a rented place. Mariam will purchase products in the capital where a wider market is located and will then sell the products at increased prices in her region. She is a very enthusiastic and hardworking person with a great desire to ensure a better lifestyle for her family. This credit will be a great support for her. Mariam is very thankful to Kiva lenders for giving her a chance to develop her businesses.

Previous Loan Details

Mariam is from a small village in South Georgia. She is 49 years old, married and lives with her family: her husband, Amiran, two adult sons (24 and 22 years old) and a daughter-in-law. Mariam’s sons work as sawyers in a local sawmill. Mariam and Amiran lead the agricultural business of the famil... More from Mariam's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.


About Georgia

  • $6,100
    Average annual income
  • 41
    View loans »
    Georgia Loans Fundraising
  • $7,896,375
    Funds lent in using Kiva
  • 1.8
    Georgia Lari (GEL) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,850 helped Mariam to open a toy shop.
59% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 16, 2014
Apr 29, 2014
Currency Exchange Loss: