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Ketevan is a 45-year-old married woman. She lives with her husband, daughter, son, and daughter-in-law. Her daughter is a sales lady in a store and her son works as an artisan in a workshop. Their salaries, however, are not enough to meet the basic needs of their families.

In order to do her bit to help the welfare of the family, Ketevan decided to open a general store. She has just opened it with her funds, sells various kind of food and home products and needs money for further development.

Ketevan couldn't receive a loan from the local financial institutions because of their requirements to have business experience or stable revenue, until the Start Up program began, which is a joint product between Kiva and Credo.

She requested a loan of 1,500 USD to purchase a stock of needed products. This will give her a chance to earn income and become financially independent. Regards with the Start Up program, Ketevan will be able to expand her business and increase the productivity.

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
  • 28
    View loans »
    Georgia Loans Fundraising
  • $8,567,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Ketevan to buy various kinds of food and home products to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 10, 2013
Jan 3, 2014
Currency Exchange Loss:
Feb 17, 2014