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Shura, 60 years old, lives in a small village in the Senaki district with her husband, son and his family. The family runs an agricultural business. In particular, they have 2 cows and a calf. Shura milks the cows every day and produces cheese to sell locally. In addition, they have a plot of agricultural land, where they grow maize and nut trees.

Shura is experienced in making enamel jewelry and she wants to open a workshop. The Start Up program, which is a joint initiative of Kiva and Credo, enables her to get a loan of 3,500 GEL. She will use the loan to open a workshop and will get orders to make enamel jewelry. Shura will sell the produced jewelry and increase the family income.

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
  • 36
    View loans »
    Georgia Loans Fundraising
  • $7,908,800
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,050 helped Shura to open an enamel workshop to produce jewelry.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jul 31, 2014
Aug 12, 2014
Currency Exchange Loss:
Sep 17, 2015