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Sopio is 29 years old, married and has two children. She lives in the village of Zeda Alisubani with her parents and takes care of them, as both of them have health problems. The family earns a living through small agricultural activities including breeding cows, whose milk is used in cheese products. Sopio’s husband grows grapes and makes wine to sell.

The income from agricultural activities is seasonal and in order to generate monthly funds Sopio and her spouse plan to buy a van and start a trading business. Specifically, Sopio’s husband will purchase fruits and vegetables from wholesalers and sell in neighboring villages. Sopio will assist him in this business. They will save on transportation costs and make deliveries easily. Sopio hopes the family initiative will be successful and this will increase their income.

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
  • 45
    View loans »
    Georgia Loans Fundraising
  • $7,796,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $5,000 helped Sopio to purchase a van for product transportation.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Nov 15, 2013
Dec 16, 2013
Currency Exchange Loss:
Jun 17, 2015