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Taliko is from the Batumi district. She is 44 years old and lives with her son. The only source of income for the family is the small monthly salary earned by Taliko’s son, working as a hotel administrator. As the existing income is not enough for the family, Taliko has decided to start a new business. She plans to finish renovating a family-owned store and to rent it out for a good price. Taliko has applied for loans from local financial institutions several times, for a business start-up, but without any success. Her loan request was rejected each time because of her lack of experience in the new business, as the local credit providers usually require experience. However, her loan request has been approved within the framework of a new joint initiative between Kiva and Credo. The start-up loan program provides business start-up and re-start loans on soft conditions to the country's rural poor, who do not have access to credit products, since they are regarded as “high risk borrowers” because of their low income levels. With this loan, Taliko will repair her store and renovate it properly so that it satisfies the needs of her clients. Taliko hopes her business will be profitable and that this will increase her income and provide her family with enough money to satisfy their daily needs and 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
  • 54
    View loans »
    Georgia Loans Fundraising
  • $8,096,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Taliko to renovate a store to rent out.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 8, 2012
Dec 28, 2012
Currency Exchange Loss:
Jan 17, 2015