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Eliza is 50 years old. He lives in Khoni District, West Georgia, with her 20-year-old daughter, Teona.

Eliza requested loans from local financial institutions several times for a family business start-up, but without any success. Her loan request was always rejected because of her low income and her family’s poor living conditions. Eliza’s husband and a son live abroad. They work abroad and send part of their income to the family.

Eliza is leading her family's small-scale agricultural business. She runs a family-owned dairy farm with two milk cows. Eliza produces cheese and sells it in the village. The family's average monthly income is GEL 150. It is not enough to provide Eliza and her daughter with normal living conditions. According to Credo estimations, the family belongs to the subsistence poor category.

Eliza requested a loan from Credo to start her family business. Her loan request was approved as part of a new joint initiative of Kiva and Credo. The start-up loan program provides credit for a business start-up and re-start-up with fewer conditions to the country's rural poor. This population is often considered "high risk borrowers" because of low incomes, and they often do not have access to credit.

With the credit, Eliza will purchase chickens to start a poultry farm. She will place the chickens in a shed located in their yard, raise them, and sell them for a higher price. The new business initiative, financed with the Kiva loan, will significantly improve the living conditions of the family. Eliza and her daughter also hope that the income will be enough for the family, so that their family members will be able to return home and work in the family business.

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
  • $8,643,950
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Eliza to purchase chickens for a poultry farm start-up.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Sep 19, 2012
Sep 28, 2012
Currency Exchange Loss:
Jul 17, 2013