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Nineli is 51 years old. She lives in the Terjola District with her husband and two children. The family runs a small dairy farm of two milk cows, whose milk is used in cheese products. The cheese is sold at the local open market. Besides dairy farming, Nineli works very hard on her own piece of land where she grows different kinds of vegetables. Her products are very good quality, and she sells the harvests at the different markets that are close to where she lives.

All of the family members work hard, but the income is not enough for covering the everyday expenses. So, Nineli decided to start up a new business. She has requested loans from her local financial institutions several times without any success. Her loan requests were rejected each time because of low income and the lack of experience in the new job, which is usually demanded by local credit providers.

Her loan request was approved under a new joint initiative between Kiva and Credo. The start-up loan program provides startup and re-startup credits with soft conditions for the country's rural poor who do not have access to credit products since they are regarded as “high-risk borrowers” because of their low income.

With the loan, Nineli will build a greenhouse. She will purchase building materials and construct it. Nineli will plant different kinds of greens and vegetables, which will be sold by her at a good price. This will increase her income. The new business initiative, financed with the Kiva startup loan, will significantly improve the living conditions of the family. Nineli awaits your support.

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
  • 49
    View loans »
    Georgia Loans Fundraising
  • $8,643,950
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,175 helped Nineli to purchase building materials to construct a greenhouse.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jun 25, 2013
Jul 13, 2013
Currency Exchange Loss:
Nov 17, 2014