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Ia is 32-years-old and from the town of Kutaisi. She is married with a school-aged son. Ia’s husband works on house renovations and on special projects and earns a monthly income. Ia is jobless and stays at home. She is seeking an additional source of income and now is requesting a loan to start a clothing sales business. She will purchase apparel and household items and sell them from her house among community members. She will offer her customers quality things at accessible prices. Ia will even take orders for some clothes and items and hopes she will obtain a good income. Ia wants her son to have an education with the hope of a better economic future than hers. She hopes her business initiative will give her a chance to earn savings for her son’s well-being.

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
  • $8,643,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Ia to start a clothing sales business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Oct 28, 2013
Nov 26, 2013
Currency Exchange Loss:
Dec 17, 2014