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Liana is 42 years old and a married woman from a small village of Chokhatauri district. She lives with her husband Emzar and daughter Rusudan. She is actively involved in agricultural activities with her family members. They have a milk cow, 3 pigs, 3 horses, 2 goats and 4 bee-hives with bee-colonies. Besides that, the family owns a plot of agricultural land, where maize, potatoes and nut trees are grown. They sell the harvested products locally at a good price.

Liana requested 1100 GEL from Credo to start-up another 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 provision of 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 the received credit Liana will begin to sell vegetables, such as: potatoes, wheat and so on. Emzar will help her to transport and sell the vegetables in different villages. This will be an additional source of income for their family. 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
  • 44
    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 $675 helped Liana to begin selling vegetables.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Jun 29, 2013
Jul 13, 2013
Currency Exchange Loss:
Jun 19, 2014