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Nino is 30 years old, a young divorced woman. She lives with her two young children in Kutaisi, West Georgia. The only source of income for her is money transfers from her mother. Nino married at an early age and wasn’t able to get an education and so she has no university degree, which is one of the main reasons for her unemployment. She looks after her children and stays home, but she has a great desire to be involved in a trading business.

Nino couldn’t request a loan from financial institutions, until the Start Up program began, which is a joint program of Kiva and Credo. She requested a loan of 300 USD to begin selling clothing. She plans to go to Turkey and purchase the products at wholesale prices and then resell them among her friends and villagers. This will give her a chance to earn income and not have to depend on her mother. Nino will provide a better future for her children.

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
  • 38
    View loans »
    Georgia Loans Fundraising
  • $7,807,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $300 helped Nino to begin selling clothes.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jun 25, 2014
Jul 31, 2014
Currency Exchange Loss:
Feb 17, 2015