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Svetlana is a 51-year-old married woman. She lives with her husband and son in a small village of Sachkhere district. The family is involved in agricultural activities. In particular, they have a plot of agricultural land, where they have walnut trees, maize and haricot beans. They work hard to have a good harvest, which is sold to local retailers. Her husband and son also work as artisans and get small additional income.

Svetlana decided to start a husbandry business and requested a loan. The Start-up program, which is a joint initiative with Kiva and Credo enables her to get a loan of 3,100 GEL to purchase two cows. When the cows are purchased, Svetlana will start producing cheese to sell. The Start-up loan will be a great support for the 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
  • 49
    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 $1,875 helped Svetlana to purchase cows.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 19, 2013
Nov 9, 2013
Currency Exchange Loss:
Jul 2, 2014