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Nino is 51 years old. She lives in Gurjaani District with her husband, two children, daughter-in-law and grandson.

On several occasios, Nino requested loans from local financial institutions for family business start-ups, each time without any success. Her loan requests were rejected every time because of her low income and her family’s poor living conditions.

The only source of income for the family is her husband's and son's monthly salaries. Both of them work as salesmen. But their earnings provide hardly enough income to put food on the table for the family. According to Credo estimates, the family belongs to the subsistence poor category.

Nino requested a loan from Credo for a start-up family business. Nino has now been approved for a loan within the framework of the new joint initiative of Kiva and Credo. The start-up loan program envisions providing business start-up and re-startup credits with lenient 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 incomes.

With the loan proceeds that she is requesting, Nino would like to begin trading used clothing. Specifically, she plans to purchase used clothing from the wholesalers in Tbilisi, the capital city of Georgia, and to then re-sell such clothing in Gurjaani at higher prices. She believes that, by doing so, she will increase her family's income. And in this way, she feels that the new business initiative, financed with the 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
  • 51
    View loans »
    Georgia Loans Fundraising
  • $8,643,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $450 helped Nino to begin buying and selling used clothing.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
May 24, 2013
Jun 17, 2013
Currency Exchange Loss:
Jan 18, 2014