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Emrie is 46 years old. She lives in the small village of Keda with her husband, Revaz, and two children, both of whom study in the local school. Her husband works at the local post office and earns a monthly salary.

Emrie runs an agricultural business. She has a plot of land, where she grows vegetables and fruits. She sells her agricultural products to retailers at the local open market. She also runs a dairy farm with two milk cows. Emrie produces cheese and curds, and she sells them in nearby villages. The total average monthly income of the family is 1000 GEL.

Emrie has requested a loan to construct a greenhouse for vegetables. This will enable her to grow vegetables (tomato, cucumber and greens) during the entire year. The amount of harvested vegetables will increase and Emrie will earn more income from sales. With the increased amount of profit, she will finance the education of her children.

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
  • 42
    View loans »
    Georgia Loans Fundraising
  • $8,578,400
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Emrie to construct a greenhouse for vegetables.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jun 6, 2012
Jun 12, 2012
Currency Exchange Loss:
Oct 17, 2013