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Lamzira is a 43-years-old widow, from a village called Chumlaki. She lives with her two sons and daughter-in-law. The family has a seasonal agricultural business. Particularly, they breed sheep, and after the sheep are grown they are sold in the local market at a good price. Lamzira and her son work at a local wine company and are paid approximately 250-300 GEL monthly.

The borrower has great desire to move forward and secure her family a better lifestyle, which is why she wants to start her own business. With the requested money she will purchase stock of clothing in the capital city and will then sell the clothing at an increased price locally, at the wine company and among her fellow villagers. Lamzira will be very grateful for lenders helping her generate more income and create financial stability.

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
  • 39
    View loans »
    Georgia Loans Fundraising
  • $8,572,225
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Lamzira to start a clothes-trading business.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Feb 22, 2014
Mar 8, 2014
Currency Exchange Loss:
Nov 6, 2014