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Natia
Natia is 29 years old. She lives in the small town of Rustavi with her family: her husband, her father-in-law and a child. Natia is the only income provider in the family. She works as an office manager and gets a small monthly salary.

Natia requested credit for the start-up of a grocery business. Her loan request was approved in the framework of new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-start-up credits with easy conditions 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. With the received credit, Natia will start to sell green grocery products. She will use the credit for purchasing fruit and vegetables from farmers at wholesale prices and sell them in her town with a price mark-up from a small store.

She is confident that the requested loan will be productive for her business and beneficial for her family. Natia will have enough income to access regular credit products available on the country’s capital market, in case of need.

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
  • 78
    View loans »
    Georgia Loans Fundraising
  • $7,714,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,300 helped Natia to start up a green grocery business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 16, 2013
Listed
Feb 19, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 19, 2015