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Khatuna is from a village of Tskaltubo District. She is 44 years old and lives with her family: husband, Bessik, a 22-year-old daughter, and 15-year-old son. Bessik is a house painter. Khatuna runs a small trade business, a family-owned grocery store in the village. She purchases products from nearby wholesale markets and sells them in the store. The total average monthly income of the family is 1,000 Laris (GEL). Khatuna requested credit for increasing the stock to trade in the store. She will diversify the assortment and attract new customers. It will increase the sales and the profit of the store. Khatuna will reinvest the increased profit in the same business to expand it and make more profitable.

Additional Information

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
  • 35
    View loans »
    Georgia Loans Fundraising
  • $7,912,575
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Khatuna to purchase grocery products for increasing the stock for trade in the grocery store.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Apr 2, 2012
Apr 26, 2012
Currency Exchange Loss:
Jan 15, 2013