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Natia is 41 years old. She is married and lives in the Black Sea coastal city of Barumi with her husband and two grown sons. Natia’s husband and elder son work as security guards in return for small-sized monthly salaries. The family doesn’t have any other source of income, and unfortunately the guard salaries are not enough to cover food and daily costs.

Natia has made multiple loan requests, without success, from the local financial institutions in order to start up a trading business. Her loan requests were rejected each time due to low income. Now, Natia’s loan request has been approved as part of the new joint initiative between Kiva and Credo. The start-up loan program provides business start-ups and restart-ups with loans with soft conditions. Borrowers are the vulnerable poor, who do not have access to credit products, since they are regarded as "high-risk borrowers" because of their low income.

With the loan, Natia will rent the store, install shelves and purchase merchandise for setting up a general store. She will buy a variety of household and daily consumer products and sell them from her store. Natia hopes her project will be profitable and generate income for improving the family's standard of living in the future.

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
  • 45
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Natia to start up a general store.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Sep 20, 2013
Oct 16, 2013
Currency Exchange Loss:
Nov 17, 2014