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Eliso
Eliso is 50-year-old married woman from the small village of Zugdidi district. She lives with her husband and two sons. The family has a hectare agricultural land, they grow nut trees and sell the harvest locally. They also have two calves and 100 hens. Eliso is very hardworking woman and she decided to expand the business and to purchase a cow. The Start Up program, which is a joint initiative with Kiva and Credo enables her to get a loan of 1500 Gel. As the cow is purchased, she will start producing dairy products and will sell in her village. Eliso awaits your support to generate more income and 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
  • 89
    View loans »
    Georgia Loans Fundraising
  • $7,692,575
    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 $875 helped Eliso to purchase a cow.
62% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2014
Listed
Jul 26, 2014
Currency Exchange Loss:
Possible