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Patman, age 65, is from the Baghdati district, West Georgia. She is married and lives with her husband. The source of income for the couple is their retirement pensions, which are modest and hardly enough for daily expenses.

Patman sorrows that she is not able to generate income in the family, and that is why she decided to start her own business and go to the capital city's market fair to purchase apparel and linens for resale. She will sell the items from her house among her community members. The increased profit will be reinvested in the same business, and Patman will be able to continue the business. Patman believes in your kindness.

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 $2,500 helped Patman to purchase stock of clothing and linens for resale.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Oct 31, 2013
Nov 14, 2013
Currency Exchange Loss:
Dec 17, 2014