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Tina, age 65 is from the Gori district where she lives with her orphaned 11-year-old grandson. Tina gets retirement pension from the local government and unstable, small money transfers from the abroad where her daughter lives and works.

Tina used to sell clothing and household items but her business was stopped due to the domestic reasons. She has enough experience and a great desire to restart her trading activities. That is why Tina has applied for this loan in order to purchase a supply of clothing and household items at wholesale prices in Sarpi open market (near Turkish border) where prices are lower than in other parts of Georgia and start a trading business. Tina will be able to get profit and cover feeding and education expenses for her grandson. 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
  • 39
    View loans »
    Georgia Loans Fundraising
  • $8,578,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Tina buy clothing and household items to sell.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Aug 20, 2013
Sep 18, 2013
Currency Exchange Loss:
Apr 16, 2014