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Shorena is 37 years old and lives in the village of Nichbisi with her family: her husband and student daughter. Shorena is a teacher and works at the local public school teaching the Russian language. Besides, she owns a small flat in her district, which is rented out and gives the family additional income.

Shorena’s husband is unemployed at the moment, highly impairing his situation. With this startup loan, Shorena will purchase a cargo van and her spouse will start a transportation service business. He will carry and transport different things depending on the needs and requests of his customers and generate income. The couple hopes that the new business initiative will significantly increase the family income and they will improve their standard of living.

Shorena wants to thank all 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
  • 33
    View loans »
    Georgia Loans Fundraising
  • $8,323,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Shorena to purchase cargo van for her husband to use in transportation service business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 20, 2013
Aug 22, 2013
Currency Exchange Loss:
Dec 17, 2014