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Lela is 35 years old and lives in Senaki with her husband and three children. Lela works as a nurse at the hospital and her husband is a driver at a private company. Both family members get a small monthly salary. As her income is enough only for food and everyday expenses, Lela decided to start up a new business. She requested a loan from local financial institutions to start trading, but without success. Her loan request was rejected because of her low income and insufficient experience in her business. However, her loan request was approved through a new joint initiative of Kiva and Credo. The program provides start-up and re-startup credits with soft conditions to the country's rural poor. These people do not have access to traditional credit products, being regarded as “high risk borrowers” because of low income. Lela requested a loan to start up a massage room. She has hired the space for her new business and plans to purchase the essential equipment for satisfying the professional needs of masseuses working in her room. This will raise the income of the family, which she will use to improve the family’s living conditions. She awaits your support.

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
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Lela to purchase essential equipment and start up a massage room.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Nov 22, 2012
Dec 4, 2012
Currency Exchange Loss:
Jul 17, 2014