Check out some available loans that are similar to this one!
Kristine is from the small village of Mejinistskali. She is 20 years old and married. She lives with her husband, child, parents-in-law and retired grandmother. Kristine’s father-in-law is the only one who earns money in the household; he works as a road constructor for a monthly salary of nearly $90. The family income is very small and hardly enough to cover the cost of food and daily expenses.

Kristine has requested a loan from local financial institutions several times in order to start a trading business, but she has not had success. Her loan requests have been rejected because of her low income and her lack of experience, both of which are important criteria for the local credit providers.

Kristine's loan request was approved in the framework of a new joint initiative between Kiva and Credo. The start-up loan program provides business start-up credits with soft conditions to the country's rural poor who do not have access to credit products since they are regarded as “high risk borrowers” because of their low income.

With the received credit, Kristine and her husband will purchase flour and bran at wholesale prices and resell them for a profit. Kristine’s husband will work as a salesperson because carrying sacks is a hard job for a woman. The increased profits will be reinvested in the trading business to increase her stock and volume of sales. As a result of the loan, Kristine's family members will be able to meet their daily needs and improve their living conditions.

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
  • 41
    View loans »
    Georgia Loans Fundraising
  • $7,800,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $2,400 helped Kristine to purchase flour and bran for resale.
89% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 11, 2013
Oct 19, 2013
Currency Exchange Loss: