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Nino is 26-year-old married woman. She lives in the district of Vani with her husband, an infant son and grandmother. Her grandmother is provided with a retirement pension, which is the only source of income for the family.

Nino decided to start her own business and requested a credit. The Start Up Program, which is a joint initiative of Kiva and Credo, enables her to get a loan of $1,500 for purchasing clothes. She already owns a commercial space, where she is going to open a clothes shop. With the received credit she will purchase clothes and will open the shop. The new business initiative will be a great support for the family.

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
  • 40
    View loans »
    Georgia Loans Fundraising
  • $8,091,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Nino to open a clothes shop.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Oct 9, 2013
Nov 11, 2013
Currency Exchange Loss:
May 24, 2014