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Maia
Maia, who is a 46-year-old woman, lives in the village of Argveta. Her husband died at an early age and Maia was obliged to lead the family. Since then Maia has been engaged in agricultural activities. She cultivates a plot of family-owned land, harvests nuts and sells them locally. Also she takes care of a small vineyard and gets grapes seasonally. Maia has two school-aged sons, and she does everything to try and ensure they have a better style of life. She has great desire somehow to increase her income and expand her business.

Maia requested a loan and was approved in the framework of the joint initiative between Kiva and Credo, that gives people chance to start or re-start businesses. So Maia plans to set up a poultry farm, purchase chickens and food for them. After raising them, Maia will sell them at a good price and get a good profit.

The loan is really necessary for her, as she will get chance to improve her financial situation and give a good education to her sons. Maia and her family will be thankful to all the lenders for helping them maintain their agribusiness.

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

  • $4,600
    Average annual income
  • 78
    View loans »
    Georgia Loans Fundraising
  • $6,868,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $2,300 helped Maia to set up a poultry farm.
26% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2014
Listed
Jun 3, 2014
Currency Exchange Loss:
N/A