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Rusudan
Rusudan is a 39-year-old married woman. She lives in Ambrolauri district with her husband, 9-year-old daughter and mother-in-law. The family is involved in agricultural activities. In particular, they have a plot of agricultural land, where they grow potatoes and tomatoes. Rusudan is a very hard working woman and does her best to ensure a good harvest. They sell the harvested products locally at a good price. Rusudan decided to open a food market and requested a loan. The Start Up program, which is a joint initiative with Kiva and Credo, enables her to get a loan of 3000 GEL. The Start Up program will be a great support for the family, as Rusudan will be involved in her own business and will have a stable income. Rusudan 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
  • 76
    View loans »
    Georgia Loans Fundraising
  • $7,714,400
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,725 helped Rusudan to open a food market.
68% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 8, 2014
Listed
Apr 13, 2014
Currency Exchange Loss:
Possible