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Ana, who is a 30-year-old, unemployed woman, lives in Zestaponi district. She lives with her school-aged son and daughter and husband, who works at a private company and generates 400 GEL monthly. Ana married at an early age and wasn’t able to get an education, so she has no university degree, which is one of the main reasons for her unemployment.

Since the existing income is not enough for her four-member family and she can’t find the job, Ana decided to start her own business. After several unsuccessful attempts, Ana applied for the credit to MFO Credo. Her request was approved in the framework of a start-up program, which is a joint initiative with Kiva, permitting the rural poor to start or re-start businesses.

Ana will use the aforementioned loan to start a trading business with clothing. Particularly, she will purchase a stock of clothing at wholesale prices and she will sell the clothes in her community for an increased price.

With support of the start-up program, Ana will get an opportunity to be involved in her own business and tackle with the financial difficulties, as well as to do her bit for the family's welfare. 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
  • 39
    View loans »
    Georgia Loans Fundraising
  • $7,802,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $650 helped Ana to start a trading business with clothing.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 8, 2014
Apr 18, 2014
Currency Exchange Loss:
May 17, 2015