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Nino, age 42, lives in the capital city centre. She is divorced with two daughters. Her elder daughter attends a university and the younger daughter goes to the public school. The only source of income for the family is Nino's small monthly salary from working as a cook's assistant at a governmental institution. Her wage is nearly $240, which is barely enough to cover food and daily expenses. That is the reason that Nino decided to restart her clothing trading business, which she had stopped due to financial problems.

With the loan, Nino will go to Turkey (a neighboring country) and purchase apparel and household items at wholesale prices. The prices are lower in Turkey than in Georgia and Nino will generate a good income after selling the items. Her regular clients will be her neighbors and co-workers. She will work on orders as well and give her customers the chance to pay later for their purchase. This loan will be a great support for the family to earn additional income and improve their standard of living in the future.

Nino and her daughters hope for 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
  • 50
    View loans »
    Georgia Loans Fundraising
  • $8,637,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Nino to purchase clothing to restart her trading business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Sep 25, 2013
Oct 28, 2013
Currency Exchange Loss:
Nov 17, 2014