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Nino is 22 years old and lives in Georgia's Aspindza district with her parents and two under-aged sisters. The main source of income for the family is the small monthly salary Nino's father earns by working locally as a rescue. Besides that, the family runs a small-scale agricultural business. In particular, they grow nuts and potatoes on the family-owned land and sell the harvested products at the local market.

Nino used to run clothing sales business, but her project has recently stopped because of financial problems. She requested a loan from Credo to re-start a clothing sales business. Her loan request was approved in the framework of a new joint initiative between Kiva and Credo. The start-up loan program seeks to provide business start-up and re-startup credits with reasonable conditions for the country's rural poor, who do not have access to traditional credit products because they are regarded as “high risk borrowers” due to their low income.

Nino will purchase clothes in the capital city's open market at wholesale prices and resell them in her district for a profit. It will be hard work for Nino, but according to estimates, her business will be profitable because she has enough experience in this field.

The trading business will increase the income of Nino's family, and the profit will be reinvested back into her clothing trading business to enlarge her stock and sales volume. Her family members will be able to increase their spending to satisfy their daily needs and improve their living conditions.

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
  • $8,572,225
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Nino to purchase clothing for resale.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Feb 28, 2013
Mar 3, 2013
Currency Exchange Loss:
Nov 18, 2013