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Mtvarisa lives in Martvili District. She is 44 years old, married, and lives with her husband, Zviad, and three children (19, 13, and 12 years old). Mtvarisa is unemployed at the moment.

The source of income for the family is an agricultural business. In particular, they grow nuts on the family-owned land and sell the harvested products locally. In addition, Mtvarisa has a milk cow and produces cheese with the received milk.

Mtvarisa and Zviad decided to start their business because their existing income wasn't enough for the family and their living conditions are poor. Mtvarisa's loan request was approved in the framework of a new joint initiative between Kiva and Credo. The start-up loan program envisages the provisions of business start-up and restartup credits with soft conditions to country rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of low income.

Mtvarisa has noticed that there is high demand for fish in the market. In response to the local market demand, she has requested credit to finance the costs of constructing a dam, which she will build in her garden. She will purchase local species of fish and raise them in a pond. Beginning in the spring season, the fish will start to spawn, then they can be intensively sold.

Mtvarisa expects that development of the fish farm will raise the income of the family. Part of the increase in income will be reinvested in the same business and the other part will be used for improving the living conditions of the 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
  • 28
    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 $1,500 helped Mtvarisa to start a fish farm.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Nov 28, 2012
Dec 7, 2012
Currency Exchange Loss:
Jan 17, 2015