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Tamila is 52 years old. She lives in Adigeni District, South Georgia, with her husband, Alexander. They have a 33-year-old son and a 20-year-old daughter. Tamila's daughter is a student, and her son helps the family in its agricultural business. Tamila requested a loan from local financial institutions several times for her trading business startup but without any success. Her loan request was rejected each time, because the creditors did not find the existing family income to be sufficient to approve the loan.

The only source of income for the family is a small-scale family agricultural business. They grow potatoes on a family-owned plot of land and also have a small-scale rabbit-breeding farm. They sell rabbits in the village. The monthly income of the family is 500 Laris. According to Credo's estimations, the family belongs to the subsistence poor category.

Tamila requested a loan from Credo to start a trading business. Her loan request was approved in the framework of a new joint initiative by Kiva and Credo. The startup loan program envisages provisions for business startups and re-startup credits with soft conditions for the country's rural poor, who, regarded as "high risk borrowers" because of their low income, do not have access to credit products.

With the received credit, Tamila will purchase a small truck. She will start trading in seasonal fruits and vegetables. Alexander will help her. They will purchase fruits and vegetables from local farmers at wholesale prices and sell them in nearby towns with a price markup. The new business initiative, financed with the Kiva startup loan, will significantly increase the family's income. Their income will double, and the family members will be able to improve their living conditions.

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
  • 43
    View loans »
    Georgia Loans Fundraising
  • $7,796,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,100 helped Tamila to purchase a small truck for her trading business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 5, 2012
Jul 23, 2012
Currency Exchange Loss:
Aug 17, 2014