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Angelina is 49 years old and lives in a small village of the Zugdidi District with her mother and son. Her mother has a retirement pension. Angelina has requested loans from local financial institutions several times for a start-up, but without any success because of her low income and her family’s poor living conditions. The family's sole source of income is growing maize and nut trees. They sell their products locally, but this hardly brings in enough money for food. According to Credo estimates, the family belongs to the subsistence poor category. Angelina has requested a loan from Credo to start-up a new business within the framework of a new joint initiative of Kiva and Credo. This start-up program emphasizes loans for start-ups and re-startups with easy terms for rural poor people who do not have access to credit. With his loan, Angelina will buy household goods from the wholesalers and then resell them to villagers at a higher price. This will significantly improve the living conditions of the 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
  • 35
    View loans »
    Georgia Loans Fundraising
  • $8,323,400
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Angelina to open a business selling household goods.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Apr 30, 2013
May 9, 2013
Currency Exchange Loss:
Jun 17, 2014