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Nino, who is 24 years old, lives in the Sagarejo District with her husband and infant child. Nino requested loans from local financial institutions several times for an agricultural start-up business, but with no success. Her loan request was rejected each time due to low income and the family’s poor living conditions.

The income for the family comes from an animal husbandry business. Specifically, they own pigs and sell the pork and piglets seasonally. As well, Nino’s husband transports wood from the forest that he sells to the villagers, but their income is hardly enough to feed a three-member family. According to Credo estimates, the family belongs in the vulnerable poor category.

Nino requested a loan from Credo to start up a dairy farm. Her loan request was approved in the framework of a new joint initiative between Kiva and Credo. The start-up loan program provides for business start-ups and re-startups. It has credits with soft conditions for the country's rural poor, who do not have access to credit products because they are regarded as “high risk borrowers” due to low income.

With the received credit, Nino will purchase two milk cows which she will house in an old, empty farm building located in the yard. Nino will work hard on the farm and will sell milk in the village. The new business initiative, financed with the Kiva start-up loan, will significantly increase the income of the family. Their income will double, and the family members will be able to 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
  • 35
    View loans »
    Georgia Loans Fundraising
  • $8,323,400
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Nino to start a dairy farm.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jan 31, 2013
Feb 8, 2013
Currency Exchange Loss:
Aug 17, 2013