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Tsira is 48 years old and lives in the littoral city of Batumi with her son, daughter-in-law, and infant grandson. Tsira works as a baby nurse, her son is a distributor, and her daughter-in-law is a saleslady at the flower shop. All the family members get monthly salaries.

Tsira has a newly purchased flat in the city center. She managed to make savings and renovate it for renting out, but her income was not enough to buy furniture.

With the start-up credit, Tsira will purchase items and comfortably organize the flat. Summertime is high season in Batumi and it’s full of holidaymakers, so Tsira will rent the flat easily in the summer.

The new business initiative, financed with Kiva, will significantly increase the family income and the living conditions will be improved. She awaits your support.

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
  • 82
    View loans »
    Georgia Loans Fundraising
  • $7,706,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $2,200 helped Tsira to purchase furniture and comfortably organize her flat for renting out.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 19, 2013
Aug 1, 2013
Currency Exchange Loss:
Aug 31, 2013