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Marine lives in a small village in East Georgia. She is 55 years old. Marine is a widow and lives with her mother. The family lives bellow the poverty line and receives relevant social assistance from the government. The family's total average monthly income is 188 laris from the pensions of Marine and her mother.

In the past, Marine was busy with trade. She used to purchase clothes in neighbor countries and sell them in the village. Five years ago her mother got sick and Marine stopped her business to care for her. Marine has applied for a loan to restart her business, trading imported clothes. She will purchase clothes in neighbor countries for a low price and sell them in the village. As a result, the family’s income will significantly increase and they will be able to improve their living conditions.

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
  • $7,807,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Marine to purchase clothing for resale.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Feb 21, 2012
Feb 26, 2012
Currency Exchange Loss:
Dec 15, 2012