Check out some available loans that are similar to this one!
Nunu is 69 years old and lives in the Gurjaani district with husband, son and two grandchildren. She and her husband have a retirement pension. Nunu has requested loans from local financial institutions several times to open a start-up, but without any success because of her low income and the family’s poor living conditions. According to Credo estimates, the family belongs to the subsistence poor category. Nunu has now requested a loan from Credo to open her start-up. The loan has been approved within the framework of a new joint initiative by Kiva and Credo which provides start-up and re-startup credits under easy terms to the rural poor. With his credit, Nunu will begin selling household goods that she buys in Turkey and sells in her neighborhood at a higher price. This will significantly improve the living conditions of 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

  • $6,100
    Average annual income
  • 42
    View loans »
    Georgia Loans Fundraising
  • $7,904,125
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $400 helped Nunu to start selling household goods.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Apr 30, 2013
May 9, 2013
Currency Exchange Loss:
Jun 17, 2014