Check out some available loans that are similar to this one!
Sopio
Sopio is 27 years old. She is married and lives with her husband and two children. Sopio is unemployed and looks after her children. Her husband gets orders to work as a hire worker. Sopio decided to start a husbandry business and requested a loan. The Start Up program, which is a joint initiative with Kiva and Credo, enables her to get a loan of 1600 GEL to purchase a cow. When the cow is purchased she will start producing dairy products to sell locally. This will increase her family income. Sopio wants to expand the husbandry business in the future. The Start Up loan will be a great support for 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.

Tags

About Georgia

  • $4,600
    Average annual income
  • 80
    View loans »
    Georgia Loans Fundraising
  • $6,880,050
    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 $925 helped Sopio to purchase a cow to start a husbandry business.
26% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 26, 2014
Listed
Jul 31, 2014
Currency Exchange Loss:
Possible