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Tina is a 43-year-old divorced woman living with her child in the suburb of the capital city. Tina has recently returned from Turkey where she worked for 8 months to cover the costs of her child’s medical treatment. Before that occasion, Tina used to import secondhand furniture from Turkey and sold them in Georgia. She wants to restart up the trading business but found she didn’t have enough money to do so.

Tina couldn’t receive a loan from the local financial institutions, because of their requirements to have business experience or stable revenue, until the Start Up program began which is a joint product of Kiva and Credo. The program allows vulnerable poor like Tina to get a chance for starting or re-starting businesses. She requested a loan of 1200 USD to restart trading furniture. Tina will go to Turkey and purchase the products at wholesale prices and then resell among her old customers who already expressed an interest in buying the furniture. Part of the loan will be used for partitioning her house. Tina will rent out half of it to get a monthly income.

Because of the Start Up program, Tina will be able to make savings and provide a better future for her child.

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 $1,200 helped Tina to import secondhand furniture from Turkey and to partition her house for renting out.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Jun 29, 2013
Jul 30, 2013
Currency Exchange Loss:
Jun 24, 2014