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Natela is 63 years old. She lives in the small village of Kobuleti District, with 4 children and a daughter-in-law. Natela requested loans from local financial institutions several times for a family start-up business, but without any success. Her loan request was rejectedevery time, because of low income and family’s poor living conditions.

The family is actively involved in agricultural activities. In particular, they have 5 hectare agricultural land for mandarin trees and 2 hectares, where maize is grown. Natela and her children work hard to insure in a good harvest, which is sold locally as well as in the nearby villages at a good price. Besides, Natela is provided with a retirement pension, which is the only source of regular monthly income for the family (125 Laris per month). It is hardly enough to provide food for the family. According to Credo estimations the family belongs to the subsistence poor category.

Natela requested a loan from Credo to start-up family business. She has now been approved for a loan within the framework of the new joint initiative of Kiva and Credo. The start-up loan program involves providing business start-up and re-startup credits with soft conditions, to rural poor people who do not have access to credit products. These rural poor people are regarded as “high risk borrowers” because of their low income.

With his credit Natela will begin trade in fruits and vegetables. She plans to purchase fruits and vegetables at wholesale prices and then resell at higher price, which will significantly increase her income. The new business initiative, financed with the 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
  • 45
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Natela to begin trade with fruits and vegetables.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 16, 2013
Jun 14, 2013
Currency Exchange Loss:
May 19, 2014