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Marina is a 51-year-old woman who lives in the small village of Khelvachauri district. She lives with her mother-in-law, son, daughter-in-law, and two infant grandchildren. Her mother-in-law receives a retirement pension.

Marina is a very hardworking woman who is actively involved in agricultural activities. She has 3 milking cows that she milks every day. She produces cheese products to sell at the local markets. In addition, she has a plot of agricultural land, where different kinds of fruits and vegetables are grown. As the existing income is not enough for her family, Marina decided to request a loan for a new business. All of the financial institutions rejected her loan due to unstable financial conditions and lack of experience.

After several unsuccessful attempts, Marina applied for credit to MFO Credo. Her request was approved in the framework of the Start Up program, which is a joint initiative with Kiva. This program permits the rural poor to start or re-start businesses. A loan of $5,000 will help Marina to purchase a minibus. Once purchased, her son will be able to work on the minibus line and receive a stable income. This will guarantee to improve their living conditions.

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
  • 28
    View loans »
    Georgia Loans Fundraising
  • $8,567,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $5,000 helped Marina to purchase a minibus.
100% repaid
Repayment Term
33 months (Additional Information)
Repayment Schedule
Jul 24, 2013
Aug 12, 2013
Currency Exchange Loss:
Mar 17, 2016