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Lamzira is 26 years old and a married woman from the village of Dzevri, Terjola district. She lives with her parents, husband and two kindergarten-aged sons. Lamzira's father works at a stone shop and generates 200 GEL monthly. Her husband gets 100 GEL in social assistance from the local government, as they live in poverty.

Lamzira works hard in agricultural activities. She has two milk cows, sells cheese locally, and also cultivates grapes. Lamzira has great desire to improve the living conditions of her family and increase their income. She lacks access to capital markets and financial institutions to obtain credit for starting up a business, as those institutions require stable income and business experience.

The Start Up program created by Kiva and Credo enabled Lamzira to get a loan of 1700 GEL and start up a business. She will purchase clothing at wholesale prices and then sell it at a good price among her friends and villagers. The loan will be a huge support for this motivated woman to ensure her family with a better future. She awaits your support.

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
  • 38
    View loans »
    Georgia Loans Fundraising
  • $8,323,825
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Lamzira to start up a business selling clothing.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Dec 28, 2013
Jan 13, 2014
Currency Exchange Loss:
Dec 21, 2014