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Tamar is 33 years old, single, and lives alone in a suburb of the capital. Tamar works as a waitress and gets a small monthly salary.

To generate more income and meet her daily expenses, Tamar is going to start a clothing sales business. With the Kiva loan, she will go to Turkey (a neighboring country) and buy clothing and household items in bulk. Prices are lower in Turkey than in Georgia, and Tamar will make a good profit. Tamar’s regular clients will be her neighbors and co-workers. She will give them the option of paying later for their purchases.

The loan will enable Tamar to earn a profit and save money to satisfy her everyday needs. She awaits your generosity.

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
  • 47
    View loans »
    Georgia Loans Fundraising
  • $8,094,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Tamar to start a clothing sales business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Dec 9, 2013
Dec 27, 2013
Currency Exchange Loss:
Dec 3, 2014