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Nazibrola is 51 years old. She lives in the capital city of Georgia, Tbilisi, with her 31-year-old son David, daughter in-law and two grandchildren (4 and 6 years old). Nazibrola requested a loan from local financial institutions several times for family business start-up, but without any success. Her loan request was rejected all the time, because of low income and her family’s poor living conditions.

Nazibrola owns an internet café and David is working at the local water company. Nazibrola’s daughter in law is a seller at the clothes shop. They all work on small monthly salaries.

Nazibrola requested a loan from Credo to start a family business. Nazibrola has now been approved for a loan within the framework of the new joint initiative of 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, Nazibrola will purchase more computers for her internet café. As not everybody has internet in their houses, people go to the internet café to use the service. Nazibrola is planning to expand her business. After purchasing more computers, she will be able to serve more people and earn better profit. With the increased profit, she will be able to provide better living conditions for 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
  • 37
    View loans »
    Georgia Loans Fundraising
  • $8,323,825
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Nazibrola to purchase more computers for her internet café.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
May 30, 2013
Jun 4, 2013
Currency Exchange Loss:
Jul 17, 2014