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Keto, age 52, is from the old and historical town of Telavi, Georgia. She is widowed, and lives with her grown daughter, Maka. Maka works as a cashier-operator at the local commercial bank, and gets a small salary (approximately $120 per month). Keto has also a son, who lives and works in Austria and helps his family financially.

As the majority of middle-aged Georgian women, Keto stays home and takes care of her house. She is an excellent mother and tries to give her children all the best. Keto sorrows that she is not able to generate income for the family; that is why she had decided to start her own business and go to Turkey to purchase apparel and linens to sell. Prices are lower in Turkey than in Georgia, and as there are not many clothing stores in Telavi, her service will have high demand. Keto used to work as a saleslady at the clothing store and has the appropriate experience in this field.

At first, she will sell the items from her house to her community members. There are also two villages near Telavi, and Keto and her daughter plan to sell products there as well.

The profit will be reinvested in the same business, and Keto will be able to rent a commercial space in her town and set up a store to increase the sales volume.

Keto believes in your kindness.

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
  • 38
    View loans »
    Georgia Loans Fundraising
  • $8,323,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $3,600 helped Keto to purchase a stock of clothing and linens to start a trading business.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Sep 27, 2013
Oct 10, 2013
Currency Exchange Loss:
Nov 9, 2013