Check out some available loans that are similar to this one!
Salome is 23 years old. She is married and lives with her husband and grandmother. Her grandmother is provided with a retirement pension. Salome and her husband are involved in agricultural activities. In particular, they have a plot of land where watermelon, eggplant, cabbage, and maize are grown. They always have high quality products, which are sold to local retailers at a good price.

Because the family has only seasonal income, Salome decided to start a shoe-trading business and seek credit among local financial institutions. However, her attempts were unsuccessful because of her poor living conditions. The Startup program, which is a joint initiative between Kiva and Credo, enables rural poor and inexperienced people to get a loan for starting or re-starting businesses. Her application was approved under the framework of this program to receive a loan of $2000. With the credit, Salome will purchase a stock of shoes and then resell them at a good price. She plans to go to Turkey and purchase the products at wholesale prices and then resell among her friends and villagers. This will give her a chance to earn income and become financially independent. Thanks to the the Startup program Salome will be able to make savings and provide a better future for herself and her family.

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
  • 43
    View loans »
    Georgia Loans Fundraising
  • $7,931,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Salome to begin trade in the shoe industry.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Aug 19, 2013
Sep 22, 2013
Currency Exchange Loss:
Dec 20, 2013