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Nona is a 38-year-old married woman from the village of Nosiri. She has a son and husband, who is on contract in the national army and gets 950 GEL (Georgis lari) monthly. This is the only source of income for family, and they find it hard to overcome all financial difficulties with this income.

Nona decided to do her bit for the family's welfare and start her own activity. She requested a loan from MFO Credo and was approved for $500 USD for purchasing a stock of home products and clothing at wholesale prices to resell at a good price locally. Nona will generate her own income and become financially independent. She looks forward to Kiva lenders' help and will highly appreciate it.

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
  • 29
    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 $500 helped Nona to start a home products and clothing business.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Jan 20, 2014
Feb 24, 2014
Currency Exchange Loss:
May 24, 2014