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Nargiz is 52-year-old married woman. She lives with her husband and mother-in-law in the Chiatura district. Her mother-in-law is provided with a retirement pension, and her husband gets orders and works as an artisan.

The income of the family is not enough to cover everyday expenses. Nargiz decided to start her own business and requested a loan. The Start Up program, a joint initiative with Kiva and Credo, enables her to get a loan of 1,500 GEL to start a trading business.

Nargiz will purchase clothes at wholesale prices and then will resell at a higher prices to generate profit. The Start Up program will be a great support for the family.

Nargiz 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
  • 50
    View loans »
    Georgia Loans Fundraising
  • $8,643,950
    Funds lent in using Kiva
  • 1.8
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Nargiz to begin selling clothes.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Apr 7, 2014
May 8, 2014
Currency Exchange Loss:
Nov 17, 2015