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Patman, age 30, is from the Zugdidi district. She is a widow and lives with her four young children. Patman works as a baker at the local fast food café and her monthly salary is nearly $210. Her children receive a small orphan pension from the local government.

The family income is modest and Patman wishes to start a trading business to generate extra funds. With this start-up loan, Patman will purchase cheese at wholesale prices in the neighboring town where prices are lower, and then she will sell cheese among local retailers with a price mark-up. Patman’s co-worker will help her to make deliveries.

Patman will earn additional income for her family's well-being. The increased profit will be reinvested in the same business, and Patman hopes she will be able to improve the standard of living for her children 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
  • 38
    View loans »
    Georgia Loans Fundraising
  • $8,314,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Patman to purchase stock of cheese for resale.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Oct 25, 2013
Nov 17, 2013
Currency Exchange Loss:
Jul 2, 2014