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Roza is 56 years old. She lives in the Mtskheta District with her husband. Roza has requested several previous loans from local financial institutions for her family business start-up without any success. Her loan requests have been rejected many times because of her low income and her family’s poor living conditions. The only source of income for the family is the monthly salaries of Roza and her husband, who works at a restaurant. Roza is requesting a loan from Credo to start-up her family business. She will use her loan to build a shed and purchase pigs to start an animal husbandry business. She will put the pigs in a shed in the yard and raise and sell them for a higher price. Roza's loan request was approved within the framework of a new joint initiative of Kiva and Credo. This start-up loan program envisages the provision of business start-up and re-startup credits with soft conditions for the country’s rural poor who do not have access to credit products, as they are regarded as “high risk borrowers” due to their low income. Roza's new business initiative, financed with her Kiva start-up loan, will significantly improve the living conditions of 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
  • 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 Roza to build a shed and purchase pigs.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Dec 31, 2012
Jan 4, 2013
Currency Exchange Loss:
Aug 17, 2013