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Natruli
Natruli, 26, lives in the village of Ikalto in Telavi district with her husband, Zurab. The family owns a vineyard where Zurab grows grapes to make wine and vodka, which is sold at local markets. This is the only source of income for the family and is not enough to cover their monthly expenses. According to Credo estimations the family belongs to the subsistence poor category.


Natruli requested a 2000 GEL 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 Natruli will buy clothes at wholesale, then sell them at retail in her village. Natruli is a very hardworking woman and will try her best to make her new business work. Part of her profits she will use for reinvesting and purchasing more clothes to develop her trade. The other part will be used to help cover monthly expenses and provide better living conditions for the family.

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

  • $4,600
    Average annual income
  • 77
    View loans »
    Georgia Loans Fundraising
  • $7,196,525
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Natruli to buy clothes at wholesale and sell them at retail prices.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 12, 2013
Listed
Apr 16, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 18, 2014