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Nino is 46 years old. She is married and lives with her husband, two sons, daughter-in-law and two grandchildren. Nino’s elder son is a soldier, the younger is a student and her spouse is a miner earning a small monthly salary. Nino is a nurse at the local kindergarten. As their income is not enough for everyday expenses and food, Nino has decided to start a new business.

She has requested a loan from local financial institutions several times for the business start-up, but without any success. Her loan requests were always rejected, due to her lack of experience in a new business and her low income. Experience is usually demanded by the local credit providers.

Her loan request has been approved under a new joint initiative between Kiva and Credo. The start-up loan program envisions providing business start-up and re-startup credits with easier conditions for the country's rural poor, who do not have access to credit products and are regarded as “high risk borrowers” because of their low income. With the credit, Nino will purchase used clothing and sell it from her home among her neighbors.

She will begin her entrepreneurial activity with a wide assortment of merchandise and a high sales volume. This will increase her income. She wants to develop her business further and reinvest the increased income in her business. The new business initiative financed with the Kiva start-up loan will significantly improve the living conditions for the family and Nino will be able to finance the education of her son in high school. She is grateful in advance for 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
  • 38
    View loans »
    Georgia Loans Fundraising
  • $7,807,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,800 helped Nino to purchase used clothing and start up a retail business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 9, 2013
Mar 2, 2013
Currency Exchange Loss:
Jan 18, 2014