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Liana
Liana is 57 years old. She lives in a small village in Vani district. She has a small yard, where she grows nut trees and sells harvested nuts locally. In addition to this business, she trades in cheese. She purchases cheese from the villagers and resells it with a higher price in different villages. Liana decided to purchase a cow and start producing cheese products. The Start Up program, which is a joint initiative with Kiva and Credo, enables her to get a loan of 2200 GEL to purchase a cow. After the cow is purchased, she will produce cheese and sell it. She will reinvest the income in the business and will purchase a second cow with the profits. Liana is a very motivated and hardworking woman and she 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
  • 37
    View loans »
    Georgia Loans Fundraising
  • $7,796,600
    Funds lent in using Kiva
  • 1.8
    Georgia Lari (GEL) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,250 helped Liana to purchase a cow.
97% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2014
Listed
Jun 17, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2015