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Mariami lives in the village of Nasaguri, near Georgia's capital city. She is 49 years old and lives with her husband, grown son, daughter-in-law, and an infant grandchild. The main source of income for the family is an agricultural business - a small poultry farm. In addition, Mariami works as a nurse and gets a small monthly salary. Her son and husband are employed by a private construction company as workers and they help the family financially as well, but the total income is hardly enough for food for the five of them.

Mariami and her husband have decided to start a new business as their existing income isn't enough for the family, and their living conditions are poor. Her loan request was approved under the framework of a new joint initiative between Kiva and Credo. The start-up loan program envisages the provision of business start-up and re-startup credits with easy conditions for the country's rural poor, who do not have access to such credit products as they are regarded as “high risk borrowers”. With the loan, Mariami will purchase a car, and her husband will become a taxi driver. The income of the family will increase, and they will be able to improve their living conditions. They will have enough income to access general credit when the need arises.

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 $2,000 helped Mariami to purchase a car for her husband to use as a taxi.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Dec 20, 2012
Dec 24, 2012
Currency Exchange Loss:
May 17, 2014