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Meri is a 53-year-old woman. She lives with her husband and grandson in a small village of Martvili district. Meri has 20 hens and sells eggs. In addition, the family owns agricultural land, where nut trees are grown. Meri sells the harvested nuts seasonally.

Meri has requested a loan to purchase a cow. The Start Up program,which is a joint initiative with Kiva and Credo. enables her to get a loan of 1,000 GEL for purchasing a cow. As the cow is purchased, she will milk it every day and start producing dairy products to sell. This will increase the income of her family, and with increased income she will be able to improve the 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
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Meri to purchase a cow.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Aug 31, 2013
Oct 5, 2013
Currency Exchange Loss:
Apr 17, 2015