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29-year-old Nazi lives in Batumi district with her two daughters (6 and 10 years old). Nazi requested a loan from the local financial institutions several times for a start-up business without any success. Her loan request was always rejected due the family’s low income and poor living conditions.

Nazi has recently opened a grocery shop and she earns a small daily income from her business. This is the only income for the family, which is rarely enough to look after two daughters.

Nazi requested a loan from Credo to start-up a family business. Nazi 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, Nazi will purchase more stocks of groceries for her grocery shop. She wants to expand her business. Having more varieties of products to offer to the clients will significantly increase sales. Nazi will earn a better profit and she will be able to insure a better life for her daughters.

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
  • $7,796,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Nazi to purchase more groceries for her store.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jun 25, 2013
Jun 29, 2013
Currency Exchange Loss:
Jun 18, 2014