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Ekaterine is 31 a year old married woman. She lives with her husband and father-in-law in Tbilisi, the capital city of Georgia. Her husband and father-in-law work at a petrol station, and they both get small monthly income.

Ekaterine graduated from teachers' college, and works as a teacher at the local public school. Unfortunately, a teacher’s salary is not enough to make ends meet for a family. In the region, there is a high unemployment rate, but self-employment helps inhabitants to make living. So, she decided to start her own business with a loan, but the local credit providers usually demand experience and some stable income from the borrowers. Ekaterine’s credit requests were rejected several times, as she was unable to satisfy their requirements. She received the credit in the framework of a joint initiative of Kiva and Credo in a start-up program that gives rural poor people the chance to start or re-start businesses.

With the loan of $5000, she will purchase stock of groceries and open a grocery shop. 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
  • 43
    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 $5,000 helped Ekaterine to purchase stock of groceries and to open a grocery shop.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 4, 2013
Jul 24, 2013
Currency Exchange Loss:
Aug 17, 2014