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Liana is 62 years old. She lives in the small village of Ozurgeti District with her husband. They receive a retirement pension. Liana has requested loans for a proposed family business start-up several times from local financial institutions, but without any success. Each loan request was rejected because of her low income and the family’s poor living conditions.

Liana has a plot of agricultural land where she grows nut trees and has a 0.5 hectare tea plantation. The family also owns a pig and piglets. Although Liana sells the harvested nuts and piglets at a good price, her profit is hardly enough for food for the family. According to Credo estimations, the family belongs to the subsistence poor category.

Liana requested this loan from Credo for her start-up family business. Liana has now been approved for a loan within the framework of the new joint initiative of Kiva and Credo. The start-up loan program envisages the provision of business start-up and re-startup credit with soft conditions to the rural poor, who do not usually have access to credit products. Such borrowers are regarded as “high risk" because of their low income. With this loan, Liana will purchase equipment for picking and drying tea. She will sell the produced tea at the local markets at a good price. This new business initiative, financed with a Kiva start-up loan, will significantly improve the living conditions of 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
  • 38
    View loans »
    Georgia Loans Fundraising
  • $8,314,800
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,850 helped Liana to purchase the tea equipment.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 30, 2013
May 19, 2013
Currency Exchange Loss:
Feb 17, 2014