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Lora is 53 years old and lives in the Samtredia district. She works as a cleaner at a ceremonial hall and gets small monthly income. Lora’s income is too small and she has decided to request a loan to start a clothing business. She has been seeking credit among local financial institutions but her attempts have been unsuccessful because of her poor living conditions.

Lora is requesting a 900 USD loan to purchase clothing at wholesale prices and resell it to community members door-to-door. Her customers will be her coworkers and neighbors. Lora’s loan application has been approved under the framework of a loan program between Kiva and Credo. This joint initiative enables the rural poor and inexperienced to get loans for starting or re-starting businesses. Lora plans to sell a wide assortment or well-priced clothing for men, women and children. It is obvious that this job will be hard for Lora, but she is ready to deal with her difficulties and gradually develop her business. The Start Up credit will be a great support for her 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
  • 38
    View loans »
    Georgia Loans Fundraising
  • $7,924,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $900 helped Lora to begin a clothing business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Aug 30, 2013
Sep 15, 2013
Currency Exchange Loss:
Oct 17, 2014