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Zhana is 48 years old from the seaside city of Batumi. She is married and lives with her spouse in their own house. The only source of income for the couple is the small monthly rent from the commercial space located in crowded street of Batumi. Unfortunately, the existing income is not enough to make ends meet for them. So, Zhana decided to start a clothing trading business with a loan but the local credit providers usually demand experience and some stable income from the borrowers. Zhana’s credit requests were rejected several times, as she didn't satisfy their requirements. She received the credit in the framework of joint initiative of Kiva and Credo. This Start-up Program gives vulnerable poor people the chance to start or re-start businesses. With the loan of $2500 USD, she will purchase secondhand clothing at wholesale prices and sell them in her community. She will set up a store and offer her customers a wide assortment of well-priced clothing for men, women and children. Zhana is ready to deal with the difficulties and develop her trading business gradually. The Start-up credit will be a great support for the family, as their income will be significantly increased due 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
  • 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 $2,500 helped Zhana to purchase secondhand clothing for resale.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jul 30, 2013
Aug 20, 2013
Currency Exchange Loss:
May 24, 2014