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Anna
Anna is 65 years old and temporarily unemployed. She lives in the Chiatura district with her husband, who gets an age pension from the local government.

Anna had been involved in a trading business for 7 years, but her business ended for lack of economic resources. Her business needs some capital to reach it's goal. Anna requested a loan with MFO Credo, the start-up program enables people to start or re-start businesses. With the loan of $600 USD she will purchase linens and blankets in Turkey and will sell locally at a good price.

Anna and her husband rely on the good will of lenders and will highly appreciate your 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

  • $6,100
    Average annual income
  • 43
    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 $600 helped Anna to start trading with linens and blankets.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2014
Listed
Feb 24, 2014
Currency Exchange Loss:
N/A
Ended:
Oct 28, 2014