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Venera is from the village of Tkviavi, where she lives with her parents, grandparents and brother. She is 21 years old and has recently graduated from secondary school. Venera’s family doesn't have enough income to finance her education at the university, so she stays at home and helps her mother in taking care the family.

The family members are involved in agricultural business and grow apples, tomatoes, and garlic on a family owned land. Part of the harvested products is sold from their house and the rest from the nearest town's open market. The income from the agricultural activities is seasonal, and that’s why Venera decided to start her own business to generate monthly income.

Venera has applied for this loan in order to purchase a supply of clothing and household items at wholesale prices in Sarpi open market (near Turkish border) where prices are lower than they are in other parts of Georgia, and start a trading business.

Venera will be able to get more profit and have savings to satisfy the everyday needs of her family members. She awaits your generosity.

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
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Venera to purchase clothing and household items to start a trading business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Aug 14, 2013
Sep 15, 2013
Currency Exchange Loss:
Mar 19, 2015