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Nino, age 39, is from the village of Rgani. She lives with her school-age son, husband and retired mother-in-law. The family gets a small amount of social assistance because they live without a source of income below the poverty line. In order to generate funds and cover the feeding and household items, she plans to start a cotton mattresses making business. Nino needs money to buy special equipment for scrutching cotton. (This is a mechanical operation that, by breaking and beating the retted flax straw, separates the textile fibers in the stem of the plant from the woody matter and the bark). Nino will make mattresses and sell her produce among the locals. She will also get orders from them and earn a living. Nino hopes that her initiative will be successful and she will be able to improve the standard of living for her family members in the 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
  • 40
    View loans »
    Georgia Loans Fundraising
  • $8,073,000
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Nino to buy equipment for making cotton mattresses.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Nov 29, 2013
Dec 24, 2013
Currency Exchange Loss:
Jul 17, 2015