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Nana is a 38-year-old married woma, from Kakhati village. She has 2 school-aged sons, a daughter and a husband. Sadly, for lack of economic resources and because she had to start working at a very young age, Nana was unable to pursue a professional career.

Nana works hard on family-owned agricultural land, growing nuts and kiwis. She always has high-quality products, which are sold to local retailers for a good price. As the family has only seasonal income, Nana decided to start dairy farming and seek credit among local financial institutions, but her attempts were unsuccessful because of her poor living conditions.

The start-up program, a joint initiative between Kiva and Credo, enables poor and inexperienced rural people to get a loan for starting or re-starting businesses. Her application was approved under the framework of this program to get a loan of 2,000 GEL for purchasing a milk cow.

After the cow is purchased the family will start producing dairy products such as cheese and yogurt to sell. They also use the milk products for family feeding. She is a very enthusiastic and hardworking person with a great desire to ensure a good education for her children so they may progress in life.

This credit will be a great support for the family. Nana is thankful to Kiva Lenders for giving her a chance to generate 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
  • 43
    View loans »
    Georgia Loans Fundraising
  • $7,901,050
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Nana to purchase a milk cow, start dairy farming and increase her productivity.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 15, 2014
Aug 17, 2014
Currency Exchange Loss:
Aug 17, 2015