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Nana is 39 years old married woman, from village Pshaveli. She lives with her husband, son and mother-in-law, who gets monthly assistance from local government. Nana's husband is an artisan and has seasonal orders. His estimate income is 300 GEL monthly. Family owns a plot of agricultural land, cultivate it and consumes harvested products for family use. However, they don't have significant income for covering all daily costs and expenses they need. According to this Nana has great desire to start business, that can give her stable income and she requested a loan. Nana will use this requested amount for purchasing a car and stock of used clothing for trading business. Nana and her husband will sell it in their and nearby villages. They will be grateful for the help Kiva lenders can provide for their business development.

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
  • $8,314,800
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,025 helped Nana to start trading business with used clothing.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 22, 2014
Mar 26, 2014
Currency Exchange Loss:
Nov 6, 2014