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Margalita is from the Chokhatauri district. She is 34 years old, married and lives with her family: her husband and parents-in-law. Her husband works as a police officer and her mother-in-law is a doctor locally. Both of family members get monthly salaries. Besides, Margalita’s father-in-law is provided with a retirement pension.

Margalita has requested loan from local financial institutions several times for a business start-up, but without any success. Her loan request was rejected each time because of lack of experience in new business, which is usually demanded by local credit providers.

Her loan request was approved in the frames of a new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to the country's rural poor who do not have access to credit products, being regarded as “high risk borrowers” because of low income.

With the requested loan, Margalita will start up a dental clinic locally. She will purchase dental equipment and operative supplies to satisfy the professional needs of the dentists that will be working at her clinic. Margalita hopes her business will be profitable because of the price range and well qualified dentists. This will increase her income and the family members will be able to increase their spending to satisfy their daily needs, in order 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
  • 39
    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 $1,200 helped Margalita to purchase equipment and supplies for starting a dental clinic.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Nov 26, 2012
Nov 29, 2012
Currency Exchange Loss:
Jan 18, 2014