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Pikria
Pikria is a 28-year-old married woman from Tbilisi, the capital of Georgia. She lives with her husband. As she can't find any stable job, in spite of her high education, she decided to start her own business and opened a taxi company. She has several employees and has her own phone line. The clients are satisfied with the service and with the prices, too. Therefore, the market demand is high and her company has a lot of bookings.

Pikria decided to expand her activity and invest some money in it. She requested a loan to purchase additional transmitters and add another phone line. Pikria will employ more people in her business and will also expand her profits as a result of this loan.

Pikria will be really grateful for the help, as she will be better able to meet all the daily costs and improve the living conditions of her 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.

Tags

About Georgia

  • $4,600
    Average annual income
  • 42
    View loans »
    Georgia Loans Fundraising
  • $7,020,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Pikria to purchase transmitters and add another phone line in her taxi company.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 30, 2014
Listed
Jul 2, 2014
Currency Exchange Loss:
N/A
Ended:
Jan 22, 2015