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Roza is 62 years old and from the Gardabani district. She is the mother of one daughter who is married and lives separately with her family. Roza lives alone and works at the local café as a cook. She earns a small monthly salary, but she wants to start a trading business to earn additional income. She decided to start a retail clothing business with a loan, but the local credit providers usually demand experience and some stable income from borrowers. Roza’s credit requests were rejected several times, as she doesn’t satisfied their requirements.

She received credit through a joint initiative between Kiva and Credo. The Startup Program gives vulnerable poor people the chance to start or re-start businesses. With the loan of 1,600 USD, she will purchase clothing and household items at wholesale prices and sell them in her community door-to-door. Her regular customers will be her co-workers and neighbors. It is obvious that the job is hard for Roza, but she is ready to deal with the difficulties and develop her trading business gradually. The Start Up credit will be a great support for Roza, as her income will be significantly increased.

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
  • 39
    View loans »
    Georgia Loans Fundraising
  • $8,073,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $1,600 helped Roza to purchase clothing and household items for resale.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 4, 2013
Aug 2, 2013
Currency Exchange Loss:
Sep 1, 2013