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Khatia, 23 years old, lives with her parents in Tbilisi, the capital city of Georgia. Her mother is a saleslady at a local market and gets 300 Gel per month. Khatia has a mini market. She needs money to purchase additional stock for her market and she requested a loan. The Start Up program, which is a joint initiative with Kiva and Credo enables her to get a loan of $5,000 to purchase stock. After expansion her market will offer a wide assortment of household goods to her clients. Khatia will be able to increase her income and improve the living conditions for her family. The Start Up program will be a great support for her family.

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
  • 37
    View loans »
    Georgia Loans Fundraising
  • $8,323,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $5,000 helped Khatia to purchase home products and expand her market.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 27, 2013
Dec 15, 2013
Currency Exchange Loss:
Jul 30, 2014