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Ketino
Ketino is 39 years old. She lives in the capital city of Georgia, Tbilisi with her 27 year old sister and 16 year old daughter. Ketino requested loan from local financial institutions several times for family business start-up, but without any success. Her loan request was rejected all the time, because of low income and family’s poor living conditions.
Ketino has a grocery shop and earns daily income. Also her sister is a dentist, working at the local dentist clinic and earns small monthly salary.
Ketino requested loan from Credo to start-up family business. Ketino 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 Ketino will purchase grocery stocks for her grocery shop. Her shop is already well known at the neighborhood and Ketino wants to expand the stock, in order to offer better choice of products to her clients. This will increase the sales number and Ketino will be able to earn better profit. Part of the profit she will reinvest in the same business and purchase more verities of products. Another part will be used to improve the family 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
  • 87
    View loans »
    Georgia Loans Fundraising
  • $7,702,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Ketino to purchase grocery stocks for her grocery shop.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 17, 2013
Listed
May 23, 2013
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2014