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Irma is 43 years old. She is married and lives with her husband and two daughter in Tbilisi, the capital city of Georgia. She works as a wet-nurse and gets a small monthly income. Her husband is an artisan and gets orders to renovate houses. Irma owns a small flat with 2 rooms and decided to rent it out. The Start Up program, which is a joint initiative with Kiva and Credo enables her to get a loan of $ 1500. With the received credit she will purchase all the building materials, her husband will renovate the flat and she will be able to rent it out at a good price in order to increase the family 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.


About Georgia

  • $6,100
    Average annual income
  • 39
    View loans »
    Georgia Loans Fundraising
  • $8,091,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Irma to renovate a flat and rent it out in order to increase family income.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Jul 22, 2014
Aug 22, 2014
Currency Exchange Loss:
Jan 22, 2015