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Ia is from the village of Akura, Kakheti Region. She is 57 years old, married, and lives with her husband.

Ia works as a hired worker at the local farmer's vineyard, in return for a small service fee. Her earnings are seasonal and unstable. Ia's husband is a mini-bus driver and the main income provider in the household. The couple works hard to generate income and improve their standard of living, but their earnings are modest and they don't manage to save money.

With the received loan, Ia will start a confectionery shop. She is good at baking and wishes to sell her production among local people. Ia will purchase construction materials and renovate a small store, located near her house. She will also purchase raw materials and bake various kinds of cakes.

Ia hopes her business will generate income since there is no other, similar store nearby. She hopes for your generosity.

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
  • 50
    View loans »
    Georgia Loans Fundraising
  • $8,637,875
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Ia to start up a confectionery shop.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Sep 20, 2013
Oct 24, 2013
Currency Exchange Loss:
May 17, 2015