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Marine is a 47-year-old woman. She lives in Kutaisi district with her two children. Her children go to the local school. Marine is unemployed now and decided to request a loan to start her own business.

The Start Up loan, which is a joint initiative between Kiva and Credo, enables her to get a loan of $800 to start a new business. She will purchase meat-chopper and raw material to make Georgian "Khinkali" to sell.

She will get orders and work from home. This new business initiative will help her generate income and improve the living conditions of her children.

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
  • 44
    View loans »
    Georgia Loans Fundraising
  • $7,799,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Marine to purchase meat-chopper and raw material to make Georgian "Khinkali" to sell.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Aug 29, 2013
Oct 4, 2013
Currency Exchange Loss:
Oct 17, 2014