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Marekhi is 27 years old. She lives in Etseri village, Terjola district with her husband Gaga, and is mother to an infant, Tamar. Marekhi requested loans from local financial institutions several times for a family business start-up, but without any success. Her loan requests were rejected all the time, because of low income and the family’s poor living conditions.

The main income for the family is from agricultural activities. They have a milk cow, a plot of agricultural land and a vineyard. The cow is milked to make dairy products. On the land they grow wheat, and the harvested product are sold locally at the markets along with the dairy products. In addition, Gaga is working on construction projects for private orders as an artisan and gets small monthly income.

Marekhi requested loan from Credo to start up a family business. Her loan request was approved in the frame of new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to country rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of low income. With the received credit Marekhi will start trading in fruits and vegetables. She will purchase from the market in Terjola at the wholesale price, bring it to her village and sell it with a retail price mark-up. Marekhi is experienced in agriculture and she hopes her business will be profitable. She will use the profit to reinvest in the same business. This will grow monthly income and enable Marekhi to provide better living conditions for the 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
  • 28
    View loans »
    Georgia Loans Fundraising
  • $8,567,900
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Marekhi to purchase fruits and vegetables at the wholesale price and resell it with a retail price markup.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Mar 20, 2013
Mar 25, 2013
Currency Exchange Loss:
Feb 17, 2014