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Manana is 45 years old. She lives in the Abasha district of West Georgia with her husband, two children, daughter-in-law and a mother-in-law, who is provided with a retirement pension.

On several occasions Manana has requested a loan from local financial institutions for an agricultural business start-up, but without any success. Her loan requests were always rejected because of her low income and her lack of experience in the business, which is usually demanded by local credit providers. Manana has a plot of land where she grows maize. She does all of the relevant agricultural work to ensure a good, quality harvest. The crops she harvests are sold locally. She also has a pig and a milk cow, whose milk is used in dairy products.

Manana is now requesting a loan for her agricultural business. The loan program provides businesses with start-up funding to assist the country's rural poor, who do not have access to most credit products as they are regarded as “high risk borrowers” because of their low income. With the loan proceeds, Manana would like to purchase a tractor. Her husband and elder son would like to use the tractor to perform agricultural work on the lands of nearby farmers, mainly on tilling and sowing seasons, and will be paid by landlords. They will save any profits generated as a result of the tractor and will continue to cultivate their own land. She expects that the loan will significantly increase her family's income and will enable Manana to provide better living conditions for her family.

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
  • 29
    View loans »
    Georgia Loans Fundraising
  • $8,567,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Manana to increase her family's income by purchasing a tractor.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Nov 19, 2012
Dec 5, 2012
Currency Exchange Loss:
Dec 20, 2013