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Nino, 49, is married with a son, who is a student. The family lives in the town of Kobuleti.

Nina has a vocational education. She graduated from the department of trading but does not work in that profession. She works as a nurse at the local kindergarten, and her husband is a mini-bus dispatcher. Both of them earn small salaries. Their total monthly income is approximately $200 (US), which is not enough for a family of three.

Nino used to trade in clothing among people in her neighborhood but her activity stopped due to financial difficulties. She had decided to restart the trading business but found that the family didn’t have enough savings to do so. She requested a loan from Credo. The application was approved under the framework of Credo’s startup program, which enables vulnerable poor people in rural areas to start or restart businesses.

Once she has obtained her loan, Nino will purchase clothing from wholesalers and sell them in her community at a price mark-up. Her regular clients will be her co-workers and neighbors. She will work on special orders as well.

Nino hopes that she will generate revenue to help her family and give them what they need.

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
  • 34
    View loans »
    Georgia Loans Fundraising
  • $8,323,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Nino to purchase clothing for resale.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jul 23, 2013
Aug 4, 2013
Currency Exchange Loss:
Mar 17, 2014