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Natela, age 47, is from the village of Dighomi, where she lives with her 18-year-old son. Natela’s son is a cook in a restaurant and Natela works as a dishwasher. Both of the family members get a monthly salary and they don’t have their own business. Natela works throughout each day to generate income, but her earnings are too small to save and improve the family's standard of living. The family lives below the poverty line and receives a small amount of social assistance from the local government.

Natela would like to start up a clothing sales business in her community in order to earn an additional income. She has applied for this loan in order to purchase a supply of clothing at wholesale prices to start her new business. Since there are not many clothing stores in her village, Natela is confident that her endeavor will meet a high demand. She intends to develop positive relationships with her customers and expects to attain a good profit from her new business. This start-up loan offers Natela a good chance to earn a more stable income and improve her family's living conditions in the future.

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
  • 36
    View loans »
    Georgia Loans Fundraising
  • $7,912,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Natela to purchase a stock of clothing and start a trading business in her community.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Oct 31, 2013
Nov 9, 2013
Currency Exchange Loss:
Sep 17, 2014