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Eka is 29 years old, married, and lives with her husband, infant child and her mother in their home, located in the town of Kutaisi. Eka’s husband is a worker at the local confectionery and her mother works as a saleslady in the supermarket. Eka is unemployed at the moment, but she has a great desire to start a business and have a stable income.

As the existing family revenue is not enough to cover everyday expenses, Eka decided to start up a grocery store, but she needs financial support to implement her plan. Unfortunately, Eka lacks the access to capital markets and financial institutions to obtain credit for starting business, as they require stable income and business experience. She received the credit in the framework of joint initiative of Kiva and Credo, the so-called Startup Program that gives rural poor people the chance to start or re-start businesses.

With the loan of $3000 Eka will purchase stocks of basic groceries such as dairy products, beverages, hygienic items etc, and provide her clients with a wide assortment of production. The Kiva loan will be a great support for Eka to increase the turnover gradually and generate income.

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
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Eka to start up a grocery store.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jul 5, 2013
Jul 20, 2013
Currency Exchange Loss:
May 23, 2014