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Marina is a 38-year-old widow from Tbilisi city. She lives with her son, who is school-aged and doesn't have his own income. Marina is the only person who works hard to generate some income and does everything for her family's welfare. She works as a nurse and takes care of small children. Also, Marina has income from renting some rooms in her own house. Approximately, this income totals 550 GEL. However, this income isn't enough for Marina to make good living conditions and give her son a high education. She requested a loan and was approved with the joint initiative between Kiva and Credo that enables people to start or re-start businesses. Marina will repair her home and make it more comfortable for renting it at an increased price in the future. This will give her a chance to earn more income and create financial stability. With regards to the Start Up program, she will be able to make savings and provide a better future for her son. 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
  • 37
    View loans »
    Georgia Loans Fundraising
  • $7,908,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $2,000 helped Marina to repair her home and rent it at a good price.
69% repaid
Repayment Term
23 months (Additional Information)
Repayment Schedule
Apr 30, 2014
May 16, 2014
Currency Exchange Loss: