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Ekaterine is a 26-year-old, married woman. She lives with her infant child, husband, brother-in-law and mother-in-law in the Kaspi district. Ekaterine’s husband is a loader at the local bakery and her brother-in-law works as a baker's assistant in the same place. Their total income is approximately 250 USD, including the social assistance that the family gets from the local government as they belong to the “vulnerable poor” category. Ekaterine wasn’t able to get an education and so she has no university degree, which is one of the main reasons for her unemployment.

She looks after her son and stays home, but she has a great desire to be involved in a trade. Ekaterine couldn’t receive a loan from the local financial institutions until the Start Up program began. The Start Up program is a joint product of Kiva and Credo. Other institutions have business experience or a stable revenue as requirements. The Start Up program allows the vulnerable poor, like Ekaterine, to get a chance to start or re-start a business. She requested a loan of $600 to begin trading with plastic dishes and personal consumption items such as socks, underwear, etc. at wholesale prices and then resell them among her friends and neighbors. This will give her a chance to earn an income and help her family members. With the Start Up program, Ekaterine will be able to have a savings and provide a better future for her son.

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
  • 41
    View loans »
    Georgia Loans Fundraising
  • $7,896,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Ekaterine to purchase plastic dishes and personal consumption items for resale.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jun 29, 2013
Jul 30, 2013
Currency Exchange Loss:
Aug 17, 2014