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Manana is a 57-year-old single woman from the village of Misaktsieli, Georgia. She lives alone and is involved in agricultural activity. Particularly, Manana cultivates a plot of agricultural land where maize is grown. Seasonally she sells the harvested products at a local market. Her living condition falls in to the category of the subsistence poor because she has no source of income besides her seasonal harvest. Therefore, she lives in poverty.

Manana lacks access to capital markets and financial institutions to obtain credit for starting a business, as they require a stable income and business experience. The Start Up program created by Kiva and Credo enabled her to obtain a loan of 1,500 GEL and start dairy farming. Manana will purchase a milk cow, produce milk products, and sell them locally. This will give her a chance to have a more stable income and manage financial difficulties more effectively. Manana will be really grateful for your help, for giving her the chance at a better life.

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
  • 35
    View loans »
    Georgia Loans Fundraising
  • $7,912,575
    Funds lent in using Kiva
  • 1.8
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Manana to purchase a milk cow.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Apr 30, 2014
May 18, 2014
Currency Exchange Loss:
Sep 3, 2014