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Ketevan is 61 years old. She lives in the Gurjaani district in the Kakheti Region with her husband, Soso, and her mother. Her mother is provided with a retirement pension. The family is involved in agricultural activities. In particular, they have a vineyard and a plot of land where peach trees are grown. They produce wine and sell it locally along with the harvested peaches.

As the income is seasonal and not enough for the family, Ketevan decided to start her own family business and seek credit among local financial institutions, but her attempts were unsuccessful because of her poor living conditions.

The Startup program, a joint initiative between Kiva and Credo, enables rural poor and inexperienced people to get a loan for starting or re-starting businesses. Her application was approved under the framework of this program to get a loan of 5,000 Gel.

With the received credit, Ketevan will open a metal and plastic workshop. Soso will work in the workshop and get orders to produce metal and plastic products, as he is experienced in this field. Ketevan hopes that the business will be profitable and they will be able to expand it in the future to improve their living conditions.

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
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,025 helped Ketevan to open a metal and plastic workshop.
100% repaid
Repayment Term
24 months (Additional Information)
Repayment Schedule
Aug 10, 2013
Sep 13, 2013
Currency Exchange Loss:
Jul 17, 2015