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Lali is 41 years old. She is married, with two children, and she lives in the village of Zegaani. Lali’s husband works as a tractor driver at the local factory and he gets a small, monthly salary. The family lives below the poverty line and gets small-sized social assistance from the government.

Several times, Lali requested loans from local financial institutions for a family business start-up, but without any success. Her loan requests were rejected all the time because of her low income and her poor living conditions.

Lali requested a loan from Credo to start an agricultural business. Her loan request was approved within the framework of a joint initiative between Kiva and Credo. With the received credit, Lali will build a cattle shed and purchase calves.

After purchasing livestock, she will raise them and sell them in the spring, for a higher price. It will generate an income and the new business initiative, financed with the Kiva start-up loan, will significantly improve her family’s living conditions.

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
  • 35
    View loans »
    Georgia Loans Fundraising
  • $8,567,900
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Lali to purchase calves and build a cattle shed.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 12, 2013
Dec 27, 2013
Currency Exchange Loss:
Sep 1, 2014