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Mtvarisa is 52 years old. She lives in the small village of Khobi with her husband and daughter. The family is involved in agriculture, and has a milking cow and two calves. She milks the cows every day and produces dairy products for sale. They also have a hectare of agricultural land, where they have 250 nut trees and 300 mandarin trees. They sell the harvested products at a good price. Because their income is seasonal and not enough for the family, Mtvarisa has decided to start her own business. She has sought credit from local financial institutions, but her attempts were unsuccessful because of her poor living conditions. This startup program, which is a joint initiative between Kiva and Credo, enables rural poor people and inexperienced entreprenneurs to get a loan for starting or re-starting a businesses. Her application was approved under the framework of this program to get a loan of $1,200 to start a clothing business. She plans to purchase clothing at wholesale prices and then resell it at higher retail prices. This will increase her income and allow her to 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
  • 34
    View loans »
    Georgia Loans Fundraising
  • $8,323,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Mtvarisa to begin a clothing business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Aug 20, 2013
Sep 14, 2013
Currency Exchange Loss:
Aug 17, 2014