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Maguli lives in the village Kutiri, West Georgia. She is 51 years old, married, and lives with her husband, Biktor, and her 75-year-old mother-in-law.

Maguli and Biktor have a small poultry farm. They purchase chicks, raise them and sell them in the village at wholesale prices. The total average monthly income of the family is 310 Laris, including the monthly pension of Maguli’s mother-in-law. According to Credo estimations, Maguli’s family belongs to the subsistence poor.

Maguli requested credit in the frames of the Kiva start-up program for purchasing a car. She will be able to take hens with this car to nearby villages and sell them at retail prices. Even taking into account the cost of transportation (fuel), the profit for the family will significantly increase. The family will be able to increase their spending on family members’ daily needs, in order 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
  • 38
    View loans »
    Georgia Loans Fundraising
  • $8,314,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,100 helped Maguli to purchase a car for transporting and selling hens.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 10, 2012
Feb 14, 2012
Currency Exchange Loss:
Jan 15, 2013