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Tsitsino lives in a small village, Okureshi, in Tsageri district. She is 57 years old and lives with her 29-year-old son David and retired mother in-law. Tsitsino requested a loan from local financial institutions several times for a family business start-up, but without any success. Her loan request was rejected all the time, because of her low income and the family’s poor living conditions.

Tsitsino is a nurse and she gets a a small monthly salary from working at the local hospital. The family runs an agricultural business. In particular, they have a milk cow and a pig. They sell dairy products and piglets. The family also owns a vineyard and plot of land, where nut trees are grown. David harvests the products and sells them together with dairy products and piglets on the local markets to earn a small monthly income. Their additional income comes from Tsitsino’s mother in-law’s monthly pension.

Tsitsino requested loan from Credo to start-up a family business. Tsitsino 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-start-up 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 Tsitsino will purchase 30 sheep. She will start selling lambs and adult sheep at the local market. This will significantly increase the family's income. With the increased income Tsitsino wants to develop her agriculture and earn good profit. The new business initiative, financed with the Kiva start-up loan 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
  • 39
    View loans »
    Georgia Loans Fundraising
  • $7,906,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Tsitsino to purchase 30 sheep.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 8, 2013
Jun 15, 2013
Currency Exchange Loss:
Jul 17, 2015