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Khatia is 27 years old. She lives in the Tkibuli District with her parents and sister. Khatia has requested a loan from local financial institutions several times for a family business start-up, but has not had any success. Her loan requests have been rejected because of her low income and her family’s poor living conditions.

Khatia is currently working in a grocery shop as a seller and her father is an artisan working on private orders. They both have small monthly incomes, however these are not enough to support their family. According to Credo estimations, the family belongs to the subsistence poor category.

Khatia requested a loan from Credo to fund a start-up family business. Her loan request was approved within the framework of a new joint initiative between Kiva and Credo. The start-up loan program envisages provisions of business start-up and re-start up credits with soft conditions to the country's rural poor, who do not have access to credit products and are regarded as “high risk borrowers” because of low income. With the loan, Khatia will rent a trading counter at the local market in the Tkibuli district, purchase clothes at wholesale price, and then sell them for retail price. Khatia will use the profits to reinvest in the same business. This new business initiative, financed by the Kiva start-up loan, will help this young girl start her own business 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.

About Georgia

  • $6,100
    Average annual income
  • 45
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $900 helped Khatia to rent a trading counter and purchase clothes to sell.
100% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Feb 28, 2013
Mar 5, 2013
Currency Exchange Loss:
Jan 18, 2014