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Kristine is a 21-year-old young woman from Kutaisi. She lives with her mother and two brothers. Kristine's father lives abroad. Her mother is involved in a trading business and generates 200 GEL per month of income. Her brothers are temporarily unemployed. Kristine wasn’t able to get an education and so she has no university degree, which is one of the main reasons of her unemployment. She has a great desire to be involved in a selling business.

Kristine couldn’t receive a loan from the local financial institutions, because of their requirements to have business experience or stable revenue, until the Start Up program began, which is a joint product of Kiva and Credo. The program allows rural poor like Kristine to get a chance for starting or re-starting a business. She requested a loan of 1,000 USD to begin selling jewelry and accessories.

She plans to purchase the products at wholesale prices and then resell them among her friends and neighbors. This will give her a chance to earn income and become financially independent. In regards to the Start Up program, Kristine will be able to make savings and provide a better future for her family. She awaits your support.

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
  • 42
    View loans »
    Georgia Loans Fundraising
  • $7,901,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Kristine to purchase stocks of jewelry and start selling them.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Dec 24, 2013
Jan 20, 2014
Currency Exchange Loss:
Sep 3, 2014