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Marine, 44 years old, lives in her old house, located in a capital city suburb. She is married and has two grown sons living with her. For nearly 10 years, Marine has worked in the hospital as a nurse, earning a small monthly salary (approximately $135).

In order to meet her increasing household expenses, Marine plans to renovate one of her rooms and rent it out. She will use this Kiva loan to buy construction materials and to pay for workers. After the renovation, Marine will get rent from lodgers and have additional monthly funds. This will be a great relief for the family and Marine will be able to improve their 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
  • 45
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Marine to renovate a room for renting out.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 30, 2013
Dec 25, 2013
Currency Exchange Loss:
Dec 17, 2014