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Nona is a 40 year-old woman. She lives in Tbilisi, the capital city of Georgia.

Nona owns a shop, where she sells mobile phones and accessories. She has a need for money to purchase more mobile phones and has been applying for credit among local financial institutions. Her attempts have been unsuccessful though due to her poor living conditions. This start-up program, which is a joint initiative between Kiva and Credo, enables both poor rural and inexperienced people to get a loan for starting or re-starting businesses. Her application was approved under the framework of this program to get a loan of $1300.

With the received credit she will purchase new mobile phones and accessories and will be able to offer her clients a wider assortment of products. This enhanced assortment will increase her sales and her income. With increased income, she will be able to expand her business in the future.

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
  • 40
    View loans »
    Georgia Loans Fundraising
  • $8,091,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Nona to purchase a stock of mobile phones and accessories for her shop.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Aug 10, 2013
Sep 13, 2013
Currency Exchange Loss:
Jul 17, 2014