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Tamar, 28, is single and lives with her parents and pensioner grandma in the town of Telavi in East Georgia. Tamar’s mother is a vegetable retailer and owns a stall in the capital city open market. Her father is an artisan and works on special orders. They earn a small monthly income.

Tamar stays home and takes care of her family, but she’s a very enthusiastic young woman and wants to generate her own income and help the family. The existing income, though, is not enough to cover everyday expenses So, Tamar decided to start up a grocery store but found that she didn't have enough money to do so.

Unfortunately, Tamar was unable to obtain a loan from an existing financial institutions, as they required a stable income and business experience as a precondition to a loan. But Tamar has now received her loan within the framework of a new joint initiative between Kiva and Credo. This start-up loan program provides start-up and re-start up loans with easy terms to the country's vulnerable poor who do not have access to credit.

With a loan of 2,400 USD Tamar will purchase groceries to stock the store. Tamar will care for her clients and treat them in a kind and friendly way. With this determination and her loan she expects to improve her income and give her family members better 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
  • 37
    View loans »
    Georgia Loans Fundraising
  • $8,073,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,400 helped Tamar to start up a grocery store.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 16, 2013
Jul 28, 2013
Currency Exchange Loss:
May 17, 2015