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Nato is from a small village in the Vani district. She is 40 years old, married and lives with her family: her husband and two children (23 and 14 years old). Her younger son goes to the local school. The main source of income for the family is the small monthly salaries of Nato’s husband and her elder son. Her husband works as a cook and her son is an artisan. Nato runs a small agricultural business. In particular, she has two milk cows whose milk is used in cheese products. The family sells hens as well and piglets seasonally.

Nato has requested loan from local financial institutions several times for her trading business start-up, but without any success. Her loan request was rejected each time because of low income and the lack of experience in the new business, which is usually demanded by local credit providers. Her loan request with Credo was approved in the framework of a new joint initiative by Kiva and Credo. This start-up loan program envisages provisioning credits with soft conditions for business start-up and re-startup to the country's rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of their low income.

Nato will purchase clothes in Tbilisi for wholesale prices and resell them in her village for a profit. It will be hard work for Nato, but according to estimations, her business will be profitable and increase the income of her family. The increased profit will be reinvested in the clothing trading business to increase her stocks and sales volume. The family members will be able to increase their spending to satisfy their daily needs and improve their living conditions, and Nato will be able to finance the education of her child. She 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
  • 44
    View loans »
    Georgia Loans Fundraising
  • $7,799,500
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Nato buy clothing to resell.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Nov 26, 2012
Nov 27, 2012
Currency Exchange Loss:
Oct 17, 2013