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Natela is a 27-year-old married woman from the village of Kokhta, Tsalka district. She lives with her husband and three school-aged sons. Natela and her husband are involved in an agricultural activity. Particularly, they cultivate a plot of agricultural land, growing potatoes they use for local trading. For covering her family's increased needs, Natela has engaged in cattle breeding also.

As it becomes harder to earn a living over time, Natela wants to expand her agribusiness in order to more effectively meet the daily costs of her family. A loan of 3,000 GEL (Georgia lari) will be a great support to this hard-working woman and her family, enabling her to start a trading business in cheese. She will purchase stock of cheese at low prices and will sell it at an increased price to the wider market; particularly, she will take away products to the capital of Georgia.

Natela and her family rely on the goodwill of the lenders and will highly appreciate their 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
  • 40
    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 $1,700 helped Natela to start a trading business in cheese.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Apr 29, 2014
May 31, 2014
Currency Exchange Loss:
Jun 17, 2015