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Svetlana is 49 years old. She lives with her school-age son and her grown daughter in the Khelvachauri district. Her daughter is a nurse at the local hospital and gets a monthly salary. Svetlana has a vocational education in medicine and has been running a pharmacy with her business partner for nearly three years.

To provide more income for the family, Svetlana decided to start her own pharmacy in a hired commercial space. The Start Up program, created by Kiva and Credo, enabled Svetlana to get a loan of 3,000 USD and start her business. With the received loan, she will purchase medicines, baby food products, and other products, and sell with a price mark-up. Svetlana hopes that the project will be profitable because there is not any other drugstore nearby. Svetlana is a very enthusiastic woman, with a great desire to provide her children with better living conditions. This loan will be a great support for the family, as Svetlana will be able to generate an income and improve the standard of living for her family members.

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
  • 28
    View loans »
    Georgia Loans Fundraising
  • $8,567,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Svetlana to start up a pharmacy.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Sep 24, 2013
Oct 27, 2013
Currency Exchange Loss:
Mar 17, 2014