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Desdemona is 65 years old. She is a widow and lives in the village, Tsikhesulori, in West Georgia with her sister-in-law. Desdemona works as a teacher in the village school. Her sister-in-law is retired. The family has a milk cow. The dairy products are mainly consumed by the family members. They sell the surplus in the village. The total average monthly income of the family is 400 Laris, including Desdemona’s sister-in-law's pension.

Desdemona has requested credit for the start-up of a new business initiative. She will cultivate family-owned land, and purchase fertilizers and watermelon seeds. After proper cultivation and fertilizing of the land, Desdemona will get a high quality harvest and sell it for a convenient price. The income of the family will increase and Desdemona and her sister-in-law 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
  • 38
    View loans »
    Georgia Loans Fundraising
  • $8,314,800
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Desdemona to pay for land cultivation, and to purchase fertilizers and watermelon seeds.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 10, 2012
Feb 14, 2012
Currency Exchange Loss:
Jan 15, 2013