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Irma, age 43, is from the village of Narazeni. She’s married with three daughters (20, 17 and 16 years old). Irma works as a cleaner at the local police office and public school. She gets monthly salaries there. Besides, Irma and her husband run a small-scale agricultural business and grow nuts on family-owned land. They also breed one pig and sell piglets seasonally.

Irma’s family lives in poverty, so they get a small monthly assistance from the local government. Irma’s daughter, Mariam, has recently graduated from hair stylist school and wishes to start working at the beauty salon. Unfortunately, the family is not able to buy needed accessories for Mariam. That is the reason why Irma is requesting the loan now.

With the received amount, she will purchase hair salon equipment such as hair brushes, combs, hair clippers, scissors, a dryer and other supplies. Mariam will start working as a stylist and will generate income. The family will be able to get additional funds and improve their standard of living in 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
  • 44
    View loans »
    Georgia Loans Fundraising
  • $7,931,175
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Irma to purchase hair salon equipment so her daughter can start working as a stylist.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Oct 17, 2013
Nov 15, 2013
Currency Exchange Loss:
Sep 17, 2014