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Ekaterine is 37 years old, living in the Gori district with her husband, her school-age daughter, and her son who is a soldier. Ekaterine is a cleaner at the local clinic and gets a monthly income. Her spouse is involved in a car-importing business and earns monthly funds as well. The young couple work hard to ensure their children have better living conditions but the existing income is not enough for satisfying their needs.

Ekaterine decided to start up a clothing sales business with a loan, but the local credit providers usually demand experience and some stable income from the borrowers. Ekaterine’s credit requests were rejected several times, as she didn’t satisfy their requirements. She received this credit in the framework of a joint initiative of Kiva and Credo, the so-called Startup Program, that gives rural poor people the chance to start or re-start businesses. With this loan of 800 USD Ekaterine will purchase clothing at wholesale prices and sell them in her community. Her regular customers will be her co-workers and neighbours. She plans to sell a wide assortment of well-priced clothing for men, women, and children.

It is obvious that the job is hard for Ekaterine, but she is ready to deal with the difficulties and develop her business gradually. The Start Up credit will be a great support for the family, as their income will be significantly increased thanks to Kiva Lenders.

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
  • 39
    View loans »
    Georgia Loans Fundraising
  • $8,572,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Ekaterine to purchase stocks of clothing for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 18, 2013
Aug 19, 2013
Currency Exchange Loss:
May 24, 2014