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This is Ana, age 28, from the seaside city on the Black Sea coast-Batumi. Ana is divorced and lives with her mother, sister, brother, retired grandmother and school-age son. Ana has higher education and works as an office manager at the private company, where she gets a modest monthly wage. Ana’s mother and sisters are employed as well. The mother is a masseuse and the sister works as a laboratory assistant at the local clinic. They also get monthly salaries. Ana’s brother and son are secondary school attendants.

Ana is a very energetic and brave woman, with a great desire to get ahead and give her son the proper education for progressing in life. Ana’s wage is not enough for making savings and covering food costs and utilities as well. That is why she has decided to start a clothing store. Batumi is a fast-growing city and it’s an attractive place to start a business. With the loan, she will conduct the store hiring, buy apparels and, after the store is well-stocked, Ana will be able to attract many customers. She will increase the turnover gradually and invest the profits in the same business. She awaits your kindness.

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
  • 35
    View loans »
    Georgia Loans Fundraising
  • $7,908,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $3,000 helped Ana to start up a clothing store.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 12, 2013
Sep 17, 2013
Currency Exchange Loss:
Oct 17, 2013