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Lamara is 60 years old, married and living in the Gurjaani district with her husband Valiko. The couple receives monthly retirement pension payments. Lamara works at the local water company and Valiko is a welder, working on special projects from the house. They work hard to cover food and every day costs.

In order to generate more income Lamara has decided to apply for a loan and restart a business trading household items among her community members. Lamara used to trade linens and blankets nearly five years ago and has experience in this field. With the loan she will travel to Turkey (neighboring country) and purchase a stock of merchandise for resale. Clothing and household items are cheaper in Turkey than in Georgia and transportation costs are not expensive. Lamara will transport the items and give her customers the opportunity to buy items and pay later. This initiative will attract many customers and Lamara will generate income. She will continue the business and invest her funds in trading again to increase sales volume. Lamara appreciates 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
  • 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 $700 helped Lamara to purchase household items for resale.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Sep 30, 2013
Oct 18, 2013
Currency Exchange Loss:
Nov 17, 2014