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Liana is a 34-year-old woman, who lives with her parents in the village of Melauri, in Samtredia district. Her father is a driver in cleaning services and he generates GEL 280 monthly. Liana's mother gets a disability pension from the local government.

As it becomes harder to earn a living on this income, Liana decided to start her own activity, in particular, to start trading in men's and women's clothing.

Liana couldn’t receive a loan from the local financial institutions because of their requirements to have business experience or stable revenue, until the Start Up program began, which is a joint initiative between Kiva and Credo. The program allows rural poor, like Liana, a chance to start or re-start a business.

Liana requested a loan of GEL 1,000 to purchase products at wholesale prices and then resell them among her friends and villagers. This will give her a chance to earn income and become financially independent. Thanks to the Start Up program, Liana will be able to make savings and provide a better future for her parents.

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
  • 53
    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 $600 helped Liana to start trading in clothing.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Dec 20, 2013
Dec 26, 2013
Currency Exchange Loss:
Jul 17, 2015