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Mary is from the village of Ruisi. She is 45 years old and married with a grown son. Her retired mother-in-law lives with her family as well. The family has only seasonal income from agricultural activities: they have a small piece of land where tomatoes are grown for selling. The harvests are sold locally.

Mary and her family members live in poverty and hardly cover food and daily expenses. That is the reason why Mary decided to purchase a milk cow and start a dairy business. Mary will produce cheese to sell and for family consumtion. Part of the loan will be used for purchasing hay for feeding the cow. The well-fed cow will give the family the expected amount of milk. This loan will be a great support for Mary’s family, as it will generate income. Mary hopes for your kindness.

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 $1,225 helped Mary to purchase a dairy cow and feed for it.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 16, 2013
Oct 19, 2013
Currency Exchange Loss:
Feb 17, 2015