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Nino is a 47-year-old married woman. She lives with her husband and two sons in Mtskheta district. Her husband is a physical worker and gets orders for different types of jobs to earn money. Nino is a nurse at local hospital and earns 200 GEL (Georgia lari) per month. In addition, she bakes cakes, and from this work, she gets 250 GEL per month.

Nino is a very hardworking woman and she decided to run her own business. The family has a commercial space, where she is going to open a grocery store. The Start Up program, which is a joint initiative with Kiva and Credo, enables her to get a loan of 2,300 GEL for purchasing stock of groceries. As the grocery store is opened, the income of the family will rise and become stable.

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
  • 55
    View loans »
    Georgia Loans Fundraising
  • $8,096,850
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Nino to open a grocery store.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Aug 31, 2013
Oct 5, 2013
Currency Exchange Loss:
Dec 17, 2014