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Maia is 52 years old and lives in the Baghdati district with her husband, grown son, daughter-in-law and granddaughter. Maia’s husband works at the local cleaning company and gets a small monthly salary. Maia runs a small-scale agricultural business, growing various vegetables on the family-owned plot of land. She works hard, but the family earnings are not enough for covering daily expenditures.

Maia applied for credit for starting a car wash with her business partner. She will purchase essential equipment and a vacuum cleaner. Her son will help her run the business. They will provide services to local community members and hope to increase the monthly income of the family. Her new business initiative will generate income and significantly improve the living conditions of 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
  • 42
    View loans »
    Georgia Loans Fundraising
  • $8,578,400
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,825 helped Maia to purchase essential equipment for starting a car wash.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Aug 7, 2013
Sep 7, 2013
Currency Exchange Loss:
Mar 19, 2015