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Khatuna is 35 years old and lives in Gori with her husband and two children (5 and 9 years old). Khatuna’s husband is a workman and Khatuna is a masseuse. She serves her clients in their house. Both family members get a small monthly salary.

Khatuna requested a loan from local financial institutions to start a massage room and expand her business, but without success. Her loan request was rejected because of her low income and insufficient experience in her business. However, her loan request was approved through a new joint initiative of Kiva and Credo. The program provides start-up and re-startup credits with soft conditions to the country's rural poor. These people do not have access to traditional credit products, being regarded as “high-risk borrowers” because of low income.

Khatuna requested a loan to start a massage room in a beauty center. She plans to purchase the essential equipment needed to satisfy the needs of a professional masseuse. Khatuna will serve her clients in the room and this will raise the income of the family, which she will use to improve the family’s living conditions. 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
  • 50
    View loans »
    Georgia Loans Fundraising
  • $8,643,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Khatuna to start up a massage room.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Feb 25, 2013
Mar 3, 2013
Currency Exchange Loss:
Dec 20, 2013