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Gulnazi is 56 years old, married and lives in the Gurjaani district with her son and husband, who works at a local market for a fixed salary. The family has a farm and she works hard on the land, growing and selling cereals locally. However the income isn't enough to cover all their daily expenses, which is why Gulnazi decided to expand her activity. To do this, she has requested a loan that was approved under the terms of a joint initiative between Kiva and Credo that gives people a chance to start or re-start a businesses. With a loan of 10,00 GEL, she will buy fruits and vegetables to sell. She will occasionally go to the capital and buy products at wholesale prices that she sells for retail prices. This will give her a chance to earn more income and become financially independent. Her goal is to save enough money to provide a better future for her son. Gulnazi thanks you for 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
  • 34
    View loans »
    Georgia Loans Fundraising
  • $8,567,900
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Gulnazi to begin selling produce.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Mar 19, 2014
Apr 5, 2014
Currency Exchange Loss:
May 17, 2015