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Sopio is 38 years old. She lives in a suburb of Tbilisi (the capital city) with her father, brother and sister-in-law. Sopio’s father works as service staff at the local kindergarten, her brother is an operator at the petrol station, and her sister-in-law works as a consultant at the supermarket. All of them receive monthly salaries. Sopio’s economic activity is a small-scale trading business. She sells second-hand clothes and shoes locally. She applied for a loan from Credo to develop the trading business. Her loan application was approved in the framework of a new joint initiative of Kiva and Credo. The start-up loan program envisages providing of business start-up and re-startup credits on soft conditions to the rural poor, who do not have access to credit products, because they are regarded as “high risk borrowers” because of their low incomes. With the credit Sopio will buy brand-new clothing to sell with the used clothing. With the new business initiative, Sopio will be able to attract new customers and gradually increase the turnover in her trade business. Sopio awaits your support.

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
  • 39
    View loans »
    Georgia Loans Fundraising
  • $8,578,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $750 helped Sopio to buy brand-new clothing and expand her trading business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Jun 26, 2013
Jul 9, 2013
Currency Exchange Loss:
Jun 18, 2014