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Manana, 48, is married and lives with her husband and two children in the village of Podaani in East Georgia. The family grows watermelons and eggplants on their farm. Manana sells their produce with help from her son. Her husband works daily and helps out local farmers.

Manana works hard to ensure her children get a good education. The family’s income, though, is not enough to cover required tuition fees for Manana’s daughter, a high school graduate who wishes to attend university. So Manana decided to start up a grocery store in front of her house but found she didn’t have enough money to do so.

Unfortunately, Manana was unable to obtain a loan from existing financial institutions, as they required a stable income and business experience as a precondition to a loan. But Manana has now received her loan within the framework of a new joint initiative between Kiva and Credo. This start-up loan program provides start-up and re-startup loans with easy terms to country rural poor who do not have access to credit products.

With a loan of 3000 USD Manana will purchase building materials and renovate the space in front of her house so she can set up her grocery store. She will also buy groceries to stock it. Manana will care for her clients and treat them in a kind and friendly way. With this determination and her loan she expects to improve her income and give her daughter a university education.

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
  • 37
    View loans »
    Georgia Loans Fundraising
  • $8,314,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Manana to start up a grocery store.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 12, 2013
Jul 19, 2013
Currency Exchange Loss:
Aug 17, 2015