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Neli is 63 years old. She lives in the village of Pshaveli in East Georgia. She lives with her husband George. Both of them are retired and get monthly pensions. According to the Credo estimation, the family belongs to the "vulnerable poor" category. Neli and George requested credit from Kiva in order to start an agricultural business in order to get income.

They plan to purchase a calf. It will be grown and turned into a milk cow. The family will get milk and produce cheese for sale. A small part of the credit will be used for cultivation of the family-owned plot of land, where maize will be grown. Part of the harvested maize will be used for feeding the cow and the second part will be sold at the local market.

At the moment, the average monthly income of the family is 190 Laris (pensions). After a couple of months, when the cow starts milking, the income of the family will double. They will be able to improve their living conditions.

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
  • 48
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Neli to purchase a calf.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Feb 7, 2012
Feb 14, 2012
Currency Exchange Loss:
Mar 15, 2013