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Ekaterine is 41 years old. She lives in the village of Ruispiri, with her retired parents and husband. Ekaterine is a hair stylist. She works from her house and earns a small monthly income. Besides her main job, she helps her family members run an agricultural business. Specifically, they own a vineyard and produce wine with the harvested grapes. The wine is sold at the local open market. Ekaterine has one pig as well, and sells piglets seasonally.

The family's existing income is too small to cover daily expenses. That is why Ekaterine has decided to purchase a car so that her husband can work as a taxi driver. Ekaterine’s husband is jobless and was unable to find an appropriate job because there is a high unemployment rate in the region. With the credit received, Ekaterine will purchase a car, and it will be used as a taxi. Her husband will work as a driver to increase the family's income. Local people often use taxi services because the minibus line works hourly and they have to wait for transportation for a long time. The new business initiative, financed with this Kiva start-up loan, will significantly improve the living conditions of the 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
  • 50
    View loans »
    Georgia Loans Fundraising
  • $8,637,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $2,300 helped Ekaterine to purchase a car for her husband to start a taxi business.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 17, 2013
Sep 17, 2013
Currency Exchange Loss:
Oct 17, 2013