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Ana, 28, lives in the small village of Akhaltsikhe District with her son and mother, who has a retirement pension. Ana has requested loans from local financial institutions several times to start family businesses but without success. Her loan requests have been rejected because of her low income and the family’s poor living conditions.

The family’s only source of income is from agricultural activities. In particular, they have two milking cows, whose milk is used in dairy products. They also have a plot of land, where maize, haricots and potatoes are grown. They sell the harvested products locally and hardly make enough for food for the family. According to Credo, the family belongs in the “subsistence poor” category.

Within the framework of a new joint initiative of Kiva and Credo, Ana has been approved for a loan to start a family business. This start-up loan program envisages providing business start-up and restart-up credits with soft conditions to the rural poor who do not have access to credit. The rural poor are regarded as high-risk borrowers because of their low incomes.

With this loan, Ana will purchase a car. Her son will help her drive to different villages to trade with dairy products and vegetables. With a car, they will increase their income, as they will be able to transport more products.

This new business initiative, financed with a Kiva start-up loan, will significantly improve the family’s 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
  • 48
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Ana to purchase a car and transport dairy products and vegetables for resale.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
May 10, 2013
May 18, 2013
Currency Exchange Loss:
Dec 20, 2013