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Nino is 40 years old. She lives in a small village in Baghdati District with her family: two children (two and three years old) and her mother-in-law, who is a pensioner. Nino is a widow; she has had to deal with great difficulties throughout her life, but her determination to get ahead has always allowed her to overcome them.
Nino and her mother-in-law earn their living through their agricultural business. They have three milking cows and produce dairy food: cheese, curds, and yogurt. They also have a vineyard on one hectare of land. After harvesting, part of the grapes are sold and the other part is used for wine production. They sell dairy produce, grapes and their own wine on the local open market. In addition to their agricultural business, Nino has a regular job as a teacher in a primary class in the village school. She works hard but her family's income is not sufficient even for everyday expenses. The total average monthly income of the family is 300 Lari (GEL).
Nino has requested a loan to purchase agricultural land. She plans to cultivate the land and sow maize. After the seasonal works are properly done she hopes to increase her harvest and this will increase sales from her business. With the increased amount of profit she will be able to repair two rooms in the house and spend more on satisfying the daily needs of family members and improving 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
  • 29
    View loans »
    Georgia Loans Fundraising
  • $8,567,900
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Nino to purchase agricultural land.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
May 29, 2012
Jun 10, 2012
Currency Exchange Loss:
Oct 17, 2013