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Dodo
Dodo, 38, lives in Khulo District with her husband and five children. The only source of income for the family is that earned by her husband who works as an inspector at a private company. It is hardly enough for food for them. According to Credo estimations the family belongs to the subsistence poor category.


Dodo requested a loan from local financial institutions several times for a family business start-up, but without any success. Her loan request was rejected every time because of her husband’s low income and the family’s poor living conditions.


Dodo then requested a 1200 USD start-up loan from Credo. Her loan request was approved within the framework of a new joint initiative between Kiva and Credo. This start-up loan program envisions providing start-up and re-startup loans with easy terms to country rural poor who do not have access to credit products, as they are regarded as high-risk borrowers due to low incomes.


With her loan Dodo will begin trading in used clothing. She plans to buy used clothing at wholesale prices and then sell them at retail among her villagers. This will increase the family’s income and will significantly 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
  • 73
    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 $1,200 helped Dodo to trade in used clothing.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 10, 2013
Listed
Apr 16, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2014