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Ekaterine is 41 years old and from Lagodekhi district. She lives with her daughter and grandson. Now the family is out of a source of income. In the region there is a high unemployment rate, but self-employment helps inhabitants to make a living. So, she decided to start a trading business with the loan but the local credit providers usually demand experience and some stable income from the borrowers. Ekaterine’s credit requests were rejected several times, as she was unable to satisfy their requirements. She received the credit in the framework of joint initiative of Kiva and Credo - Startup Program that gives rural poor people the chance to start or re-start businesses. With the loan of 650 USD, Ekaterine will purchase household goods at wholesale prices and sell them in her community door-to-door. Her regular customers will be her neighbors. It is obvious that the job is hard for her, but she is ready to deal with the difficulties and develop her trading business gradually. The start-up credit will be a great support for the family, as their income will be significantly increased. Regards to Kiva lenders.

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 $650 helped Ekaterine to begin a trading business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Nov 29, 2013
Dec 4, 2013
Currency Exchange Loss:
Jan 22, 2015