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Natalia is 39 years old. She lives in the small village of Sagarejo District with husband Teimuraz. Natalia has requested a loan from local financial institutions several times for family business start-up, but has never had any success. Her loan request was rejected each time because of her family's low income and poor living conditions.

Natalia is involved in agricultural activities. In particular, she has a milk cow and produces cheese products to sell. Teimuraz has a car and works among the local people as a taxi driver. Natalia requested a loan from Credo to start up a family business. Natalia has now been approved for a loan within the framework of a new joint initiative between Kiva and Credo. The start-up loan program envisages providing business start-up and re-startup credits with soft conditions to rural poor people who do not have access to traditional credit products. These rural poor people are regarded as “high risk borrowers” because of their low income. With her loan, Natalia will purchase a stock of groceries and open a local grocery shop. Opening a shop will increase the income of the family. Part of the income will be reinvested in the same business. This new business initiative financed with this 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
  • 45
    View loans »
    Georgia Loans Fundraising
  • $7,799,500
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,525 helped Natalia to open a grocery shop.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Jun 19, 2013
Jun 29, 2013
Currency Exchange Loss:
Apr 16, 2014