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Nino is from the village of Bershueti, in the Gori district. She is 66 years old and a widow who lives alone. Her only source of income is her retirement pension. She owns agricultural land but was not able to cultivate it because of financial problems.

Nino received a loan in the framework of a start-up program. She will start an agricultural business with the loan. She plans to cultivate the land and sow alfalfa (lucerne). After properly done agricultural work, Nino will get a good quality harvest and sell at a high price. This will significantly increase her income. She will be able to purchase additional household goods to improve her living conditions. Also, part of the additional profit will be used for financing the education of her grandchildren who live in the capital city. Nino 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
  • 40
    View loans »
    Georgia Loans Fundraising
  • $8,314,800
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Nino to cultivate a plot of land and sow lucerne (alfalfa).
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 26, 2012
Dec 28, 2012
Currency Exchange Loss:
Jan 18, 2014