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Naili is a 66 year-old widow woman from village Cikhesulori. She lives with her son, daughter-in-law and grandson. Naili's son is temporarily unemployed and her daughter-in-law takes care of her child. Naili is a teacher and gets 150 GEL monthly. Also the family is engaged in agricultural activity. They have a plot of agricultural land and grow grapes and nuts. Naili works hard in her free time and sells product locally. Her business needs some investment for further development, so Naili requested a loan. Her application was approved with the joint initiative between Kiva and Credo. With the requested money she will purchase a milk cow and will produce yogurt and cheese for local trading. Naili will increase her family's income and create financial stability. 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
  • 37
    View loans »
    Georgia Loans Fundraising
  • $8,314,800
    Funds lent in using Kiva
  • 1.8
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Naili to purchase milked-cow.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Jan 15, 2014
Jan 22, 2014
Currency Exchange Loss:
Mar 19, 2015