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Lia is a 27-year-old married woman. She lives in the small village of Gori district with her husband and two children. Lia is involved in the agricultural activities. In particular, she has a plot of agricultural land, where she grows haricot. She is a very hardworking woman and does her best to insure a good harvest. Her husband is employed and gets a small monthly salary.

Lia decided to start a dairy business and requested a loan. The Start Up program, which is a joint initiative between Kiva and Credo, enables her to get a loan of 2,000 GEL to purchase a cow. As the cow is purchased, she will start producing dairy products to sell locally. This will increase the family income, and Lia will be able to improve the living conditions of her family.

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
  • 39
    View loans »
    Georgia Loans Fundraising
  • $8,073,000
    Funds lent in using Kiva
  • 1.8
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Lia to purchase a cow.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Apr 10, 2014
May 11, 2014
Currency Exchange Loss:
Apr 17, 2015