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Inga is from the Napareuli village in East Georgia. She is 25 years old and lives with her uncle. Inga’s uncle is an agricultural worker in the village, and Inga is unemployed. The total average monthly income of the family is 150 GEL. According to Credo estimations, Inga and her uncle belong to the "vulnerable poor" category. Inga has requested loans from local financial institutions for an agricultural business start-up several times, but her loan requests were rejected because of her low income and her family’s poor living conditions.

Inga requested an agricultural loan from Credo to start a small-scale agricultural business. Her loan request was approved as part of a new joint initiative by Kiva and Credo. This start-up loan program envisages providing start-up and re-start credits with soft conditions to the country's rural poor, who do not have access to credit because they are regarded as “high risk borrowers” due to their low income levels.

With the loan credit, Inga will cultivate her family's 0.4 hectare property. In particular, she will rent a tractor for tilling the land and purchase maize for sowing. Inga will work hard on the plot during the summer to get a good harvest in early fall, and she will sell the harvested maize at the local open market. As a result of the Kiva loan, Inga will earn additional income and will use it to improve her 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
  • 50
    View loans »
    Georgia Loans Fundraising
  • $8,637,875
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Inga to rent a tractor and purchase maize.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jun 7, 2012
Jun 14, 2012
Currency Exchange Loss:
Oct 17, 2013