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Roila lives in the Senaki district. She is 62 years old, widowed and lives with her grown son, daughter-in-law and two grandchildren. Roila is unemployed at the moment and stays home. Roila’s daughter-in-law works as a midwife at the local clinic and the son is a driver.
They work hard all day long to generate an income but the family needs more and Roila decided to start a fast food cafe to earn additional income. Several times, she has requested loans from local credit providers, but her loan requests are always rejected because of the lack of experience in her new business. Her current loan request was approved within the framework of a new joint initiative between Kiva and Credo. Roila has already purchased all the needed inventory for running a cafe and needs money to buy tables and chairs. She will arrange her cafe and offer the clients a comfortable atmosphere.
Summertime is high season for cafe businesses and Roila hopes it will be profitable and that she will attract many customers since there is no similar cafe nearby. The profit will be reinvested in the same business and Roila will be able to improve the living conditions of her family.

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
  • 34
    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 $700 helped Roila to purchase tables and chairs for starting a fast food cafe.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Jul 30, 2013
Sep 3, 2013
Currency Exchange Loss:
Jul 17, 2014