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Rusudan is 24 years old and married. She lives with her husband in Kutaisi, Georgia’s second-largest city. Rusudan’s husband is a minibus driver and transports people, in return for a service fee. Rusudan is a hair stylist, and she serves her customers in her house. She has been in this business for a year and has many loyal customers.

Her business is going well. That’s why she’s decided to develop it and start a beauty salon, where she could serve her customers comfortably and attract others, as well. With the startup loan, Rusudan wants to rent the salon space and purchase all the needed modern inventory to begin a hair care business. According to her estimates, the business will be profitable and will increase the income for her family. The increased profit will be reinvested in the same business, and the newlywed couple will be able to increase their spending to satisfy their daily needs. Rusudan 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
  • 36
    View loans »
    Georgia Loans Fundraising
  • $7,802,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $2,500 helped Rusudan to start up a beauty salon.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 12, 2013
Sep 14, 2013
Currency Exchange Loss:
Oct 14, 2013