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Asmati, age 42, is a widow from the village of Vardisubani ("street of roses" in English) where she lives with her two children. She is actively involved in an agricultural business and cultivates a piece of land where eggplants are grown. Asmati sells her produce locally. Besides that, she rents agricultural land to earn income and feed her children.

In order to meet her increasing family expenses, Asmati decided to start her own business. Asmati has noticed a high demand for used clothing in the market as local people can’t afford to buy new clothing due to their poverty. In response to the local market demand, she has requested a loan to purchase stock of used clothing to sell among her community members with a price mark-up. She plans to invest the profit in the same business and develop it in the future. Asmati hopes this loan will change her life.

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
  • 38
    View loans »
    Georgia Loans Fundraising
  • $7,802,825
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Asmati to purchase used clothing for resale.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Oct 31, 2013
Nov 9, 2013
Currency Exchange Loss:
May 24, 2014