Check out some available loans that are similar to this one!
Manana is a 57-year-old woman. She lives in the Zestaponi district. Manana works as a nurse at the local hospital and earns 240 GEL (Georgian Lari) per month. She decided to start an additional business and begin trading linens and dishes. This will be a new business for her as she has no experience. The Start Up program, which is a joint initiative with Kiva and MFO Credo, enables her to get a loan of $650 for stock. She will go to Turkey and purchase linens and dishes from the wholesalers and then sell them in Georgia to buyers in her district. This will increase her income.

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
  • 51
    View loans »
    Georgia Loans Fundraising
  • $8,643,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $650 helped Manana to purchase linens and dishes to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 27, 2013
Sep 30, 2013
Currency Exchange Loss:
Sep 17, 2014