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Aida is 47 years old woman. She lives in Marneuli district with her son, daughter-in-law, infant grandson and father-in-law. Aida is an accountant. She works hard for different shops as an accountant and gets monthly income. Other members of her family are unemployed. As her income is not enough for the family, Aida decided to start her own business for additional income. She decided to start a clothing trading business with the loan but the local credit providers usually demand experience and some stable income from the borrowers. Aida’s credit requests were rejected several times, as she was unable to satisfy their requirements. She received credit in the framework of joint initiative of Kiva and Credo - Startup Program that gives rural poor people the chance to start or re-start businesses. With the loan of $3,000, she will start trading clothing. Aida plans to go to Turkey to purchase clothing at wholesale prices and then resell in her region at higher prices. This will increase the income of her family and they will be able to improve their living conditions.

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
  • 37
    View loans »
    Georgia Loans Fundraising
  • $7,812,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Aida to begin selling clothing.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 10, 2013
Sep 12, 2013
Currency Exchange Loss:
Dec 20, 2013