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Gulo is a 44-year-old married woman from Sagarejo district. She lives with her husband and son, who works in the mandatory army. The only person who generates income for the family's welfare is Gulo. She works as a private worker at many kinds of activities. She generates insignificant income that isn't enough to cover even everyday expenses. So the family lives in poverty and needs help to achieve normal living conditions.

This hard-working woman requested a loan to start her own stable business. But her request was rejected several times, due to her unstable financial condition. At last Gulo's request was approved thorugh the joint initiative between Kiva and Credo that gives people who are at a loss a chance to start their own businesses. So Gulo was approved for a loan of 3,000 GEL and plans to purchase stock of fruits and vegetables and start trading in her district.

Gulo and her family rely on the goodwill of lenders and highly appreciate Kiva lenders' help.

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
  • 46
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • 1.8
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,725 helped Gulo to start a business selling fruits and vegetables.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jun 25, 2014
Jul 31, 2014
Currency Exchange Loss:
Aug 17, 2015