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Nino is 53 years old. She is married and lives in the small town of Tkibuli, with her spouse and two grandchildren (14 and 26 years old) who go to the local school. Nino’s husband works as a miner and gets a small monthly salary. The main income for the family is money transfers from abroad, which are sent by Nino’s son and daughter-in-law. Nino used to have a grocery store, but her project was stopped because of financial problems.

Nino requested a loan for restarting her grocery store business. Nino’s loan request was approved, as part of the new joint initiative of Kiva and Credo. The start-up loan program provides credit for business start-ups and restart-ups, with soft conditions, to rural poor people who do not have access to credit products, being regarded as “high-risk borrowers” because of their low income. With the received credit, Nino will cover the cost of purchasing a stock of basic groceries and restarting the grocery store. She hopes her project will be profitable, because she has enough experience in this field. Nino plans to increase the turnover in her grocery business, gradually.

The new business initiative, financed with the Kiva start-up loan, will significantly increase the income of the family. Nino will work hard, and she will be able to improve the living conditions for her family. With this loan, her family will generate enough income to access credit products that are regularly available in the country’s capital market, in the event that they need to in the future.

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
  • 41
    View loans »
    Georgia Loans Fundraising
  • $7,896,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Nino to purchase a stock of groceries and restart-up the grocery store business.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Feb 25, 2013
Mar 3, 2013
Currency Exchange Loss:
Feb 17, 2014