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Nino is a 34-year-old woman from the village of Likhauri. She lives with her parents and all the family members are involved in agricultural activities. Nino works hard on family-owned land, where she cultivates nuts and maize. She also has one milking cow, whose products are sold locally. However, the income isn't enough for Nino to solve all their financial difficulties. She requested a loan from MFO Credo and was approved with the start-up program that enables people to start or re-start businesses. Nino will start a trading business with the requested money. She will purchase fruits and vegetables at wholesale prices and will sell them at a good price at the local market. Nino is a motivated and hardworking woman with a great desire to provide financial stability for her family. She awaits your support.

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
  • $8,572,225
    Funds lent in using Kiva
  • 1.8
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,700 helped Nino to buy fruits and vegetables to sell.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Jan 31, 2014
Feb 24, 2014
Currency Exchange Loss:
May 24, 2014