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Nazi is 54 years old, widowed, and from the village of Lashe. She lives with her grown son and daughter-in-law. Her family runs an agricultural business and breeds three milk cows, two pigs, and twenty bee-hives with bee colonies. Nazi produces cheese with the received milk for selling.

The family members also sell honey from their house. Nazi is a very hardworking woman and wishes to provide her family with the enough income. That’s why she decided to start a trading business. With this start-up loan, Nazi plans to purchase a van and have her son use it for making fruit and vegetable deliveries.

They will sell the fresh produce in the neighboring villages and have a stable income, which will enable them to cover everyday costs as well as expand the business in future. With the support of the Start-Up program, Nazi will have an opportunity to be involved in her own business and tackle the financial difficulties.

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
  • 48
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $4,200 helped Nazi to buy a van to trade fruits & vegetables.
85% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Jul 29, 2013
Sep 1, 2013
Currency Exchange Loss: