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Marina is a 46-year-old married woman. She lives with her husband and two children in the Senaki district. Her children go to the local school and her husband works at the local museum. He is paid 400 GEL per month. This income is not enough for her family, so Marina decided to start a business selling clothes.

The Credo start up program, which is a joint initiative between Kiva and Credo, enables Marina to get a loan of $800 for purchasing a stock of clothes. She will purchase the clothes from wholesalers and then resell the clothes to customers at a higher price. This business will increase the income of her family. With increased income, they will be able 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
  • 50
    View loans »
    Georgia Loans Fundraising
  • $8,643,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Marina to start a business selling clothes.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Aug 30, 2013
Oct 6, 2013
Currency Exchange Loss:
Mar 17, 2014