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Ekaterine is 37 years old. She is married and lives in the Ozurgeti district with her husband and their young child.

The family runs a small-scale agricultural business. Specifically, they have a garden where they grow citrus fruits and nuts. Seasonally, the family sells their harvest at the local open market, but otherwise they have no monthly income and generally live in poverty.

Ekaterine has made multiple loan requests, without success, from the local financial institutions in order to start up a trading business. Her loan requests were rejected each time due to her low income. Ekaterine’s loan request was approved as part of the new joint initiative of Kiva and Credo.
The start-up loan program provides business start-ups and re-startups with credit with lenient conditions. Borrowers in the program are vulnerable poor people who do not have easy access to credit products because they are regarded as "high-risk borrowers" due to their low incomes.

With the requested loan proceeds, Ekaterine would like to purchase basic groceries and to set up a store. She plans to gradually increase her trading business over time. She feels that this new business initiative, financed with the Kiva start-up loan, would significantly increase her family's income. Ekaterine will work hard and she is confident that she will be able to improve her family's living conditions with your help. With this loan, she feels that her family will generate enough income to access regular credit products in the country’s capital market in the event that they need such funds.

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
  • 35
    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 Ekaterine to set up a grocery store by purchasing basic groceries.
100% repaid
Repayment Term
24 months (Additional Information)
Repayment Schedule
Jul 15, 2013
Aug 16, 2013
Currency Exchange Loss:
Apr 17, 2015