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Marina is a 68-year-old married lady. She lives with her son, daughter-in-law and granddaughter in a small village within the Lanchkhuti district. Marina gets orders and makes plural cosmetics to sell. Her son is a physical worker and earns little income. The family lives in poverty as they have not enough income to cover everyday expenses. Marina decided to purchase cows and start a husbandry business. The start-up loan, which is a joint initiative with Kiva and Credo, enables her to get a loan of $3,500 to purchase cows. She will also build the shed for the cows with the credit received, so the family can start their husbandry business. Marina and her daughter-in-law will produce dairy products to sell and increase their 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
  • 48
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,500 helped Marina to purchase cows and build a shed for them.
100% repaid
Repayment Term
28 months (Additional Information)
Repayment Schedule
Oct 21, 2013
Nov 3, 2013
Currency Exchange Loss:
May 17, 2015