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Diana is 57 years old. She lives in the town of Telavi with her husband and two grown children. Diana sells groceries of first necessity in a store located in the crowded street of Telavi. Her clients are locals and passersby as well. The business is going well, but the store is newly started and it needs financial support for further development. Her plan now is to continue to work on her business and to make it grow. Diana applied for the credit to MFO Credo. Her request was approved in the framework of Start Up program, which is joint initiative with Kiva, permitting the vulnerable poor to start or re-start businesses. A loan of $900 will help Diana to improve her store and enlarge the quantity of products. She will buy supplies such as sugar, soft-drinks, snacks, etc to better stock her store. With this loan Diana will expand her grocery store and attract more customers. She promises to make her repayments on time.

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
  • 37
    View loans »
    Georgia Loans Fundraising
  • $8,073,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $900 helped Diana to stock her grocery store well.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 6, 2013
Oct 8, 2013
Currency Exchange Loss:
Jan 18, 2014