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Maia is 49 years old. She lives with her pensioner mother in the Kvareli district, Kakheti region of East Georgia. Maia is unemployed at the moment. She wants to open a hostel and has requested a loan. The Start Up program, which is a joint initiative of Kiva and Credo, enables her to get a loan of $1,600. Maia will use the loan to renovate rooms in her house and to open a hostel. She will have a stable income and improve her family's living conditions. Maia 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
  • 28
    View loans »
    Georgia Loans Fundraising
  • $8,567,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Maia to renovate rooms and open a hostel.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Jul 28, 2014
Aug 16, 2014
Currency Exchange Loss:
Mar 17, 2016