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Nino is 31 years old and is from Batumi city. She is married and has one infant child. It is nearly a month since Nino and her husband has been running a bakery together. Nino bakes various pies and makes sandwiches and her husband works as a salesperson. The business is going well but it needs support for developing.

In order to generate more income and expand her business, Nino is requesting a small-sized loan. With the received amount, she will buy raw materials and bake more pies. She will offer a wider assortment of products to her customers and increase turnover.

Nino and her family hopes for your kindness.

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
  • 39
    View loans »
    Georgia Loans Fundraising
  • $8,578,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $650 helped Nino invest in her bakery.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 11, 2013
Dec 26, 2013
Currency Exchange Loss:
Jan 22, 2015