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Ekaterine is 40 years old. She lives in the Telavi District of East Georgia, with her husband George, a 20-year-old son and her mother-in-law. Ekaterine’s son is a student and George works as an artisan locally to earn monthly income. Ekaterine works as a saleslady and she gets a small monthly salary as well. The family income is only enough to cover food and everyday expenses. Ekaterine has requested a loan from local financial institutions several times for a family business start-up, but without any success. Her loan request was always rejected, due to low income and family’s poor living conditions.

Ekaterine requested a loan from Credo to start up a family business. Her loan request was approved under a new joint initiative between Kiva and Credo. The start-up loan program envisions providing business start-up and re-startup credits with easier conditions for the country's rural poor, who do not have access to credit products and are regarded as “high risk borrowers” because of low income.

With the received credit, Ekaterine will purchase children’s clothing and sell it from the store located at the local fair. She will begin her entrepreneurial activity with a wide assortment of merchandise and high sales volume. This will increase the family's income. She wants to develop her business further and reinvest the increased income in trading. The new business initiative financed with the Kiva start-up loan will significantly improve the living conditions of the family. She is grateful in advance for 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
  • 38
    View loans »
    Georgia Loans Fundraising
  • $8,073,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Ekaterine to buy children's clothing for starting trading business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 16, 2012
Nov 20, 2012
Currency Exchange Loss:
Jul 17, 2013