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Khatuna, who is a 24-year-old young woman, lives in the village of Sartichala. She has a husband and two infants. Her husband is an artisan and monthly he generates approximately 300 GEL. Khatuna doesn't have any stable activity. Thus, she is involved in an agribusiness. In particularl, Khatuna takes care of several chickens and sells eggs locally. She generates an insignificant income that isn't enough for her four-member family. Khatuna has a great desire to start a stable activity and requested a loan. Her application was approved with the joint initiative between Kiva and Credo. The start-up program gives people a chance to start or re-start businesses. She plans to purchase stock of clothing in Turkey and in the local wider market and sell it among her villagers.

This new activity will greatly help her to satisfy her children's increased needs and make a better living condition. Khatuna and her family will be thankful for all Kiva 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
  • 31
    View loans »
    Georgia Loans Fundraising
  • $8,567,900
    Funds lent in using Kiva
  • 1.8
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,700 helped Khatuna to start a trading business with clothing.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
May 28, 2014
Jun 26, 2014
Currency Exchange Loss:
Sep 17, 2015