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Ekaterine, 36, is married with three children living in Chokhatauri district with her parents-in-law. She’s a very kind, enthusiastic, hardworking woman who focuses all her efforts into getting ahead.

On her own initiative and with much effort and dedication, Ekaterine works in the family business, cultivating the plot of land where nuts and maize are grown. They sell the harvested products at the local open market. But the income from the agricultural business is seasonal and the only other source of income for the family is monthly pensions of Ekaterine’s parents-in-law.

Ekaterine decided to start a business as the existing income is not enough to cover everyday expenses. Her loan request was approved in the framework of a new joint initiative of Kiva and Credo. This start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to country rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of low income.

Ekaterine is very grateful to Kiva lenders because thanks to the support provided, she will be able to buy a great amount and variety of fruit and vegetables so that her business will be better-stocked and she can start working. She will sell the products in her village among local people.

This business will help her to increase her income and profits. Ekaterine 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
  • 48
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Ekaterine to start selling fruits and vegetables.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Jun 28, 2013
Jul 12, 2013
Currency Exchange Loss:
Feb 17, 2014