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Natia
Natia is a 32-year-old married woman from Tbilisi city. She lives with her husband and parents-in-law. Male members of family are private artisans and they monthly generate 300-300 GEL. Natia had studied for professional career and works as a private German teacher. She has a great desire to increase her productivity and start another activity. Natia requested a loan of 600 USD to purchase various kinds of home products and linens at wholesale prices and then resell at an increased price among her neighbors and friends.
The new business initiative will give her a chance to have financial stability and increased monthly income as she will have her loyal customers and also get orders for specific products. Natia looks forward for your help and will be very appreciative.

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
  • 41
    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 $600 helped Natia to start a retail business with various home products.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2014
Listed
May 17, 2014
Currency Exchange Loss:
N/A
Ended:
Dec 4, 2014