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Manana is a 43-year-old farmer from the village of Abanoeti. She is married and lives with her husband and two school-age children. Manana grows walnuts and grapes on the family-owned agricultural land. The harvest is sold at the local open market. In addition, the family breeds pig and produces ham to sell.

Manana’s husband works as a diesel generator specialist and gets a small monthly income. Their existing revenues are hardly enough for food and everyday costs. That is why the family decided to start their own business. Manana applied for credit from MFO Credo. Her request was approved in the framework of a start-up program, which is a joint initiative with Kiva. This program enables the vulnerable poor to start or restart businesses.

A loan of 3,500 GEL will help her to purchase a minibus. Once the minibus is purchased, her husband will work on the minibus and transport the passengers from one district to another. This business initiative will generate an income. With the increased income, the family members will improve their standard of living.

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
  • 45
    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 $2,125 helped Manana to purchase a minibus.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jul 31, 2013
Sep 3, 2013
Currency Exchange Loss:
Sep 17, 2015