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Veronika is from Kutaisi town where she lives with her husband, mother-in-law and two children. She is 24 years old and earns a living through clothing sales. Specifically, she gets apparel from the local retailers and sells for a profit among her community members. Since there are not many clothing stores Veronika's business has high demand. She is very nice to her customers and does her job with love and care.

She has applied for this loan in order to purchase a supply of clothing at wholesale prices in Turkey and continue her business. Veronika will be able to get more profit and make savings to satisfy the everyday needs of her family members. She awaits your generosity

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 $1,000 helped Veronika to pay for clothing to sell to customers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 3, 2013
Sep 5, 2013
Currency Exchange Loss:
Sep 17, 2014