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Nazibrola is 58 years old. She lives in Akhaltsikhe district with her husband Ivane, her 22-year-old son, her daughter in-law and her granddaughter who is 3 years old. Nazibrola has requested a loan from local financial institutions several times for a family business start-up, but without any success. Her loan requests were rejected every time because of her family's low income and poor living conditions.

The main source of the income for the family is from trading. Nazibrola rents a car to go to the capital city. She purchases household goods from a big market at a wholesale price and brings it to her village to sell among the villagers with a price markup. The family also owns a plot of agricultural land where haricot, maize and potatoes are grown. The harvested products are generally used for individual use and sometimes for trading at the local markets to earn a small income.

Nazibrola has requested a loan from Credo for a start-up family business. Nazibrola has now been approved for a loan within the framework of the new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to rural poor people, who do not have access to credit products. These rural poor people are regarded as “high risk borrowers” because of their low income. With her credit Nazibrola will purchase a car. She will not have to rent a car for her trading business anymore and it will significantly increase her income. She will also be able to purchase a bigger stock of household goods and offer better choice to her clients. As Nazibrola is already known in this field among the villagers her business will be more successful. With the increased income she will be able to provide better living conditions for her big 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
  • 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 Nazibrola to buy a car for her trading business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 2, 2013
May 20, 2013
Currency Exchange Loss:
Jan 18, 2014