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Lali is a 52-year-old married woman. She lives in Rustavi with her daughter and husband, George. Her daughter goes to school. George has a car and works as a driver. Lali runs a trading business.

She used to go to Turkey to purchase household goods and linens to sell in Georgia. She has been involved in this business for two years. Lali discovered that going to Dubai is more profitable than going to Turkey, because she can purchase things there cheaper and there is a wider selection.

The Start-Up program enables her to get a loan of $ 2,000 to purchase more stock. Lali already has orders from her clients.

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
  • $7,931,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $2,000 helped Lali to purchase household goods and linens.
Repayment Term
21 months (Additional Information)
Repayment Schedule
Aug 27, 2013
Sep 30, 2013
Currency Exchange Loss:
Oct 30, 2013