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Darejan is a 50-year-old widow who lives in Tbilisi City with her daughter, who works as a hotel administrator and gets a monthly income. Darejan owns and rents rooms in her house. The rent is the main source of income.

Darejan wants to supplement her family's income by renting an additional room, which is mortgaged. She has been unable to get a loan to pay for the mortgage from several local financial institutions. That is why she is requesting a loan from Kiva and Credo, which help people who do not qualify for conventional loans.

She will use the loan to pay for the mortgage and rent the room for a good price. Several people have already expressed an interest in living there.

Darejan hopes that renting out this room will be profitable and will increase her income so that she and her family can improve their standard of living.

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 $3,600 helped Darejan to pay for the mortgage and rent the room.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Nov 28, 2012
Dec 15, 2012
Currency Exchange Loss:
Sep 17, 2013