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Aliona
Aliona is a 33-year-old married woman. She lives with her husband and two children. Aliona is currently unemployed. Her husband works on renovations and gets 250 GEL per month.

As the existing income is not enough for her family, Aliona decided to request a loan and start her own business. The Start Up program, which is a joint initiative with Kiva and Credo, enables her to get a loan of $ 700. With the received credit she will purchase a stock of clothing from the wholesalers and then start trading. This will increase her income and she will be able to improve the living conditions for 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
  • 75
    View loans »
    Georgia Loans Fundraising
  • $7,714,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Aliona to begin trading with clothing.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 31, 2013
Listed
Oct 6, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2014