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Lia is 40 years old married woman, from village Mikeltskaro, Kaspi district. She has son and husband, who works at private orders as daily worker and approximately generates 250 GEL per month. The family is required to cover all expenses for only this income. They live under poverty as having no money for their basic needs. Lia has studied professional career, but she doesn't have her own activity. With the requested money, that was approved with joint initiative between Kiva and Credo, she will open beauty salon. Particularly, she will purchase all machinery and tools and will serve clients herself. Lia will become financially independent, as generate her own salary and get faithful clients. Lia will be really grateful for giving her chance make better style of life for her family and 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
  • 49
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $300 helped Lia to open beauty salon.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Mar 21, 2014
Mar 28, 2014
Currency Exchange Loss:
Feb 17, 2015