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Nino is 35 years old. She lives in the small village of Khobi District with her husband, two children, daughter-in-law, and two grandchildren. Nino requested loans from local financial institutions several times for a family business start-up, but without any success. Her loan requests were rejected all the time because of low income and the family’s poor living conditions.

The family is actively involved in agricultural activities. In particular, they have 2 milking cows and two calves whose milk is used in cheese products. Besides this, they have 300 nut trees and 1.25 hectares of agricultural land where maize is grown. They sell cheese with the harvested nuts and maize locally at a good price. It is hardly enough for food for the family. According to Credo estimations the family belongs to the 'subsistence poor' category.

Nino requested a loan from Credo to start-up a family business. Nino 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 the 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 Nino will begin trade with clothing. She plans to purchase clothing at wholesale prices and then resell at higher prices among her villagers. This will increase the income of her family. 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
  • 44
    View loans »
    Georgia Loans Fundraising
  • $8,094,625
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Nino to begin trade with clothing.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 7, 2013
Jun 20, 2013
Currency Exchange Loss:
Jul 17, 2014