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Luiza is 26 years old. She lives in Marneuli District with her 35-year-old husband and retired parents-in-law.

Several times, Luiza requested a loan from local financial institutions for a family business start-up, but without any success. Her loan request was rejected each time because of low income and her family’s poor living conditions.

Luiza’s husband is working for the water company. Her father-in-law is working as a security guard at the local stone factory. They both get small monthly salaries. The family's additional income comes from Luiza’s parents-in-law's monthly pensions.

Luiza requested a loan from Credo to start-up a family business. Luiza has now been approved for a loan within the framework of the new joint initiative between Kiva and Credo. The start-up loan program envisages 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, Luiza will purchase grocery stocks to open a grocery shop. She has already rented a commercial space, which is in a populous area. It will help Luiza to have a good number of clients and earn a good profit. Part of the profit will be reinvested in the same business, expanding the assortment of products in the shop. She will try to have all the necessary products that the locals need.

The new business initiative, financed with the Kiva start-up loan, 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
  • 53
    View loans »
    Georgia Loans Fundraising
  • $8,637,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,800 helped Luiza to purchase grocery stocks to open a grocery shop.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
May 29, 2013
May 30, 2013
Currency Exchange Loss:
Jul 17, 2014