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Epemia is 35 years old. She lives in the Sagarejo District with her husband, daughter and parents-in-law, who are provided with a retirement pension. Epemia has requested a loan from her local financial institutions several times to start up a family business without any success. Her loan requests were rejected each time because of her low income and the family’s poor living conditions.

The family is involved in the poultry business. They have hens and sell eggs at the local markets. Besides, Epemia’s daughter is a tailor and gets orders to sew clothing. It is hardly enough to provide food for the family. According to Credo's estimations, the family belongs in the subsistence poor category.

Epemia requested this loan from Credo to start up a family business. She has been approved for a loan within the framework of the new joint initiative of Kiva and Credo. The start-up loan program envisages the provision of business start-up and re-startup credits with soft conditions to rural poor people who do not have access to credit products. These rural poor people are regarded as “high risk borrowers” because of their low income. With her credit, Epemia will begin a clothing business. She plans to purchase clothing at wholesale prices and then resell the clothes at a higher price. This will increase her family's income. This new business initiative, financed with this Kiva start-up loan, will significantly improve her family's 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
  • 45
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Epemia to begin a clothing business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 15, 2013
Apr 27, 2013
Currency Exchange Loss:
May 17, 2014