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Khatia is 28 years old. She lives in Gori district with her husband Ramaz. She works at the local marketing research agency as an interviewer, earning a small monthly salary that is hardly enough to cover her family's monthly expenses.

Khatia previously requested a loan from local financial institutions several times to start up a family business, but without any success. Her loan requests were all rejected because of her low income and the family’s poor living conditions.

Khatia also requested a loan from Credo to start up a family business. Her loan request was approved under the framework of a new joint initiative of Kiva and Credo. The start-up loan program envisages providing business start-up and re-startup credit with soft conditions to the country's rural poor, who do not have access to credit products because they are regarded as “high risk borrowers” due to their low income.

Khatia will use her loan to start trading. She will go to the Sarpi district to purchase clothes and household goods at the wholesale price, bring them back to her district, and sell them to villagers with a price markup to earn a good profit. She will use part of the profit to reinvest in and develop her business and part for her family's well being.

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
  • 49
    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 $950 helped Khatia to start trading in clothes and household goods.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 12, 2013
Apr 18, 2013
Currency Exchange Loss:
May 17, 2014