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Ketevan
Ketevan is a 53-year-old woman. She lives in the capital city of Georgia with her two children and a pensioner father-in-law. Her children go to the local school. Ketevan trades with clothing and needs money for purchasing a stock. The Start Up program, which is a joint initiative with Kiva and Credo enables her to get a loan of $ 600 for purchasing the stock. As the stock of clothing is purchased, she will offer her clients more assortment and will generate more income. With the increased income she will provide better living conditions for 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

  • $4,600
    Average annual income
  • 97
    View loans »
    Georgia Loans Fundraising
  • $7,310,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Ketevan to purchase a stock of 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