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Lina is 29-year-old married woman from the city of Kutaisi. She lives with her husband and little child. The only source of family income is her husband's job as an artisan. He gets private orders that monthly generate 400 GEL. Lina is unemployed at the moment and has great desire to start her own activity and do her bit for the welfare of the family. With the requested loan she wants to purchase a stock of home products at wholesale prices and then resell them among her friends and neighbors at a good price. The start-up program, which is a joint initiative between Kiva and Credo, enables rural poor and inexperienced people to get a loan for starting or re-starting businesses. Her application was approved under the framework of this program to get a loan of $700 for purchasing products. With support from the start-up program Lina will have an opportunity to be involved in her own business and tackle the financial difficulties.

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 $700 helped Lina to purchase a stock of home products to sell.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Dec 29, 2013
Jan 14, 2014
Currency Exchange Loss:
Dec 4, 2014