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Irma is a 42-year-old married woman from Batumi city. She lives with her husband, daughter and grandson. Nowadays, the only source of the family's income is Irma's daughter's job. She works as a waiter and monthly gets 400 GEL. Irma had her own business during the summer. She opened a cafe and had good yields. Considering that season has gone and Irma wants a stable income to meet all daily costs, she decided to start a similar activity, but not seasonal. She requested a loan for opening a cafe at the center of the city. Irma has already found a place and needs money for renovating it. She will be involved in the cafe's everyday work. This new business will give Irma a chance to make financial stability for her family and to get a monthly income. She looks forward to help from 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
  • 36
    View loans »
    Georgia Loans Fundraising
  • $7,912,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $3,000 helped Irma to open a cafe.
96% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jan 31, 2014
Feb 24, 2014
Currency Exchange Loss: