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Tamazi is a 62-year-old experienced farmer from the village Mirzovka in the Marneuli district. He lives with his wife, son, daughter-in-law and kindergarten-aged grandson. His son works as a secretary in a private company and monthly generates 400 GEL. For 25 years, Tamazi and his wife have been intensively engaged in cattle breeding, and in cultivating a plot of agricultural land. They sell milk-products and harvested vegetables locally. Tamazi always has high quality and fresh products. This hard-working man wants to create another source of income for his family. His request was approved and with this loan of USD 5000, Tamazi will build a grocery store near his house. He thinks the business will be lucrative due to its good location and the only business in this area. His regular customers will be neighbors and will have stable source of income throughout the year. Tamazi and his family rely on the good will of the lenders and will be grateful for their 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
  • 45
    View loans »
    Georgia Loans Fundraising
  • $7,799,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $5,000 helped Tamazi to build a grocery store.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Jan 22, 2014
Feb 24, 2014
Currency Exchange Loss:
May 17, 2015