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Opelia is 22 years old. She is married and has an infant daughter, but she lives with her mother, brother and sister. The family lives in a suburb of the capital city, Tbilisi. There are two employed members in the family: Opelia’s sister, who is working at the local bakery, and her husband, who manufactures furniture. Both of them get a small monthly income, which is not enough for covering the everyday expenses of the six-member family.

To provide more income for the family, Opelia decided to start a new business, and she chose to start a pharmacy. Unfortunately, she lacks the access to capital markets and financial institutions to obtain credit for starting a business, because they require a stable income and business experience. The Start Up program, created by Kiva and Credo, enabled Opelia to get a loan of 3,000 USD and start her business. With the received loan, she will purchase medicines, baby food products, and other products, and start a pharmacy on her street. Opelia will work as an apothecary herself, and hopes that the project will be profitable because there is not any other drugstore in her community.

Opelia is a very enthusiastic young woman, with a great desire to get ahead. This loan will be a great support for the family, as Opelia will be able to generate an income and improve the living conditions for her family members.

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
  • 29
    View loans »
    Georgia Loans Fundraising
  • $8,567,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Opelia to start up a pharmacy on her street.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 18, 2013
Jul 25, 2013
Currency Exchange Loss:
Mar 17, 2014