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Natia
Natia is 29 years old, divorced and from the village Vardisubani. She has two children and lives with her parents, who get monthly assistance from local government. The family is slightly involved in agriculture, growing wheat and selling it locally. Natia works as a saleslady at the store and earns a monthly income of 220 GEL. Sometimes she gets products from the store at wholesale prices and sells them among her neighbors. However this income is hardly enough for her five-member family. So, Natia decided to help her father start his own taxi business and generate some income for the family's welfare. With the requested loan she wants to purchase a car and let her father work as taxi driver. This additional income will be great support for her family and they highly appreciate Kiva lenders' help.

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

  • $4,600
    Average annual income
  • 96
    View loans »
    Georgia Loans Fundraising
  • $7,375,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Natia to purchase a car for her father and start a taxi business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 27, 2014
Listed
Feb 24, 2014
Currency Exchange Loss:
N/A
Ended:
Jan 22, 2015