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Asmat is 44 years old and a married woman from Gori city. She has a husband, a daughter who is a student, and a school-aged son. Asmat's husband is temporarily unemployed and the only source of the family's income is Asmat's job, working as a saleslady. Monthly, she generates 240 GEL. It's clear that only this income isn't enough for a four-member family that continuously has increased needs.

Asmat decided to improve their living conditions somehow and requested a loan for her husband so he can be involved in his own business. Her application was approved within the framework of the joint initiative between Kiva and Credo that gives people a chance to start or restart businesses.

Asmat will use the requested money for renting a stall in the local market, purchasing a stock of car spare parts, and starting trading. Her husband will head up all activities related to this business. The income from this source will be great help for the family so they rely on the goodwill of lenders.

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
  • 49
    View loans »
    Georgia Loans Fundraising
  • $8,645,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Asmat to start selling automobile spare parts.
100% repaid
Repayment Term
23 months (Additional Information)
Repayment Schedule
Jan 24, 2014
Feb 24, 2014
Currency Exchange Loss:
Mar 19, 2015