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Mariam is 53 years old. She is divorced and lives in the village of Vazisubani ("Street of Vine"--in Georgian) with her retired parents and two daughters. Mariam works as a veterinarian in her district and gets a small monthly salary. Her earnings are modest and Mariam decided to start up a business to earn extra money.

With the loan, Mariam will rent a store, install shelves and purchase merchandise for setting up a general store. She will buy a variety of household and daily-use consumer products and sell them from her store. Her daughters will help her in that business.

Mariam 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
  • 29
    View loans »
    Georgia Loans Fundraising
  • $8,567,900
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,400 helped Mariam to start up a general store.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Oct 21, 2013
Nov 17, 2013
Currency Exchange Loss:
Mar 19, 2015