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Nino, age 38, lives with her 8-year-old daughter and husband in the town of Rustavi. Nino works as a hired salesperson at the grocery store and earns a monthly salary. Her husband is employed at the local factory in return for a modest monthly income as well. Their salaries are hardly enough to cover the cost of food and daily expenses.

In order to generate more income, Nino has decided to start her own grocery store. However, she does not have enough money to do so. Unfortunately, Nino was unable to obtain a loan from the existing financial institutions since they require business experience and a stable income as preconditions for a loan.

However, Nino has now received her loan within the framework of a new joint initiative between Kiva and Credo. This start-up loan program provides start-up loans with easy terms to the vulnerable poor who do not have access to credit products. With a loan of $2,000, Nino will purchase stock of basic groceries such as sugar, pasta, oil, soft drinks, etc. to start a store. She will work as a salesperson and serve her clients in a friendly way. Nino is a very determined lady and hopes her project will be lucrative. She awaits your generosity.

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
  • 44
    View loans »
    Georgia Loans Fundraising
  • $8,094,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Nino to purchase stock of basic groceries such as sugar, pasta, oil, soft drinks, etc. to start a store.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Oct 17, 2013
Nov 15, 2013
Currency Exchange Loss:
May 24, 2014