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Ekaterine is 31 years old and comes from Kutaisi city. She is married with a school-age daughter.

Ekaterine works as a saleslady at a clothing store located in her city in return for a small monthly wage. Her husband lives and works abroad and the family has irregular money transfers from him.

Unfortunately, their existing income is not enough to cover daily expenses. So Ekaterine decided to start a clothing trading business with a loan. But the local credit providers usually demand experience and some stable income from the borrowers. Ekaterine’s credit requests were rejected several times, as she doesn’t satisfy their requirements. She received the credit in the framework of joint initiative of Kiva and Credo. The Startup Program gives vulnerable poor people the chance to start or re-start businesses.

With the loan of $1000, she will purchase second-hand clothing at wholesale prices and sell it in her community from her house. Ekaterine will offer her customers a wide assortment and well-priced clothing for men, women and children. Ekaterine is ready to develop her trading business gradually and hopes to generate good income. The startup credit will be a great support for the family, as their income will be significantly increased thanks to Kiva lenders.

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 $1,000 helped Ekaterine to start up a used clothing business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 10, 2013
Oct 10, 2013
Currency Exchange Loss:
Apr 17, 2015