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Lia is a 33-year-old married woman. She lives in the Senaki district with her husband and three children, who go to school. Each member of the family, being refugees, is provided with a small monthly pension from the government institutions. Her husband works as an artisan and gets a small monthly income, which is not enough for the family.

Lia decided to start her own business and seek credit among local financial institutions, but her attempts were unsuccessful because of her poor living conditions. The start-up program, which is a joint initiative between Kiva and Credo, enables rural poor and inexperienced people to get a loan for starting or re-starting businesses. Her application was approved under the framework of this program to get a loan of $500.

With the received credit, Lia will purchase a sewing machine and will get orders to sew different kinds of clothing. She hopes that the business will be profitable and that she will be able to generate income. With increased income, she will provide better living conditions for her family.

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
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Lia to purchase a sewing machine and get orders to sew clothing from home.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Aug 7, 2013
Sep 7, 2013
Currency Exchange Loss:
Feb 17, 2014