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Manana is a 57-year-old woman from the small town Tsavkisi, near capital city. She is a widow and lives with her family: son, daughter–in-law, grandchild and retired mother.

Manana works as a watchman at the local school and her son serves the local people as a driver. Both earn a monthly income.

Manana requested credit to start up a new business. She will purchase construction materials and hire workers to renovate a greenhouse that is located in Manana’s yard. She will purchase rose saplings and plant them in the greenhouse. The picked flowers will be sold to local flower retailers.

The loan will significantly increase her family’s income and help her family combat poverty and improve their living conditions.

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
  • 45
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Manana to renovate the greenhouse and purchase rose saplings .
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Jan 24, 2013
Jan 31, 2013
Currency Exchange Loss:
Sep 17, 2014