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Lia is from the village of Kvitiri, West Georgia. She is 26 years old, married and lives with her big family: her husband Lasha, two daughters (3 and 1 years old), parents-in-law and the grandmother. She has requested a loan from local financial institutions several times for agricultural business start-up, but without any success. Her loan request was rejected each time, because of low income and the family’s poor living conditions.

The main source of the income for the family is small scale family farming. They grow greens on a family-owned plot of land. Lia’s parents-in-law sell harvested greens at the local open market. The total average monthly income of the family is 700 Laris. It is hardly enough to pay for food for a seven member family. According to Credo estimations, Lia’s family belongs to the subsistence poor category.

Lia has requested a loan from Credo for constructing a greenhouse. Her loan request was approved in the frames of a new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to the country's rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of low income.

With the received credit, Lia will purchase iron materials and glass for the greenhouse. She will grow greens (in winter and spring months) and cucumbers (during summer and fall seasons) in the greenhouse. Lia and Lasha will work hard in the greenhouse during the whole year to get quality harvests. Lia’s parents-in-law will sell the harvested products at the open market in the nearby town. The new business initiative, financed with the Kiva Start-up loan, will increase the average monthly income of the family by 50%. The family members will be able to increase their spending to satisfy 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
  • 48
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,600 helped Lia to purchase materials for greenhouse construction.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 12, 2012
Jun 25, 2012
Currency Exchange Loss:
May 17, 2013