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Natia is 35 years old and lives in the littoral city of Batumi with her husband and sons. Her elder son is a school-leaver and plans to enter the high school. Natia had a higher education but she’s unemployed at the moment and stays home.

The only source of income for the family is the $240 USD salary earned by Natia’s husband working as a guide at the tourist agency. Natia has newly purchased a flat in the city center. She managed to make savings and renovate it for renting out, but her income was not enough to buy furniture and home appliances. With the start-up credit, Natia will purchase those items and comfortably organize the flat. Summertime is high season in Batumi and it’s full of holiday makers, so Natia will rent the flat easily, especially in summer. With this determination and her loan, she expects to improve her income and give her son a university education. She 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
  • 50
    View loans »
    Georgia Loans Fundraising
  • $8,643,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $5,000 helped Natia to purchase furniture and home appliances for her flat for renting it out.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jul 23, 2013
Aug 9, 2013
Currency Exchange Loss:
Sep 8, 2013