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Guliko
Guliko is a 52-year-old married woman from a small village in the Khelvachauri district. She lives with her husband, two children, daughter-in-law, and grandson. Guliko's husband works as a driver for a private company and gets a small monthly income. Guliko has a bakery. She bakes Georgian "Khachapuri" (cheese in bread) and has satisfied clients. She decided to open a cafe near the bakery and increase the number of clients and enlarge the business. The Start Up program, which is a joint initiative with Kiva and Credo, enables her to get a loan of USD 2,500 for opening a cafe. Guliko is a very hardworking woman who is ready to work harder to increase her income. The Start Up program will be a great support for the family.

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.

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About Georgia

  • $4,600
    Average annual income
  • 55
    View loans »
    Georgia Loans Fundraising
  • $7,134,975
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $2,500 helped Guliko to open a cafe.
38% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 14, 2014
Listed
May 15, 2014
Currency Exchange Loss:
N/A