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Tamar
Tamar is a 49-year-old married woman. She lives with her family in the small village of Gori district. The family owns agricultural land, where they grow different kinds of fruit to sell. Tamar decided to cultivate an unused part of the land and sow tomatoes. She requested a loan to purchase tomato seeds. The Start Up program, which is a joint initiative with Kiva and Credo, enables her to get a loan of 800 GEL. Tamar will purchase tomato seeds with the received credit and she will sell the harvested tomatoes as well use some for her family. Tamar awaits your kindness.

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

  • $4,600
    Average annual income
  • 39
    View loans »
    Georgia Loans Fundraising
  • $7,020,400
    Funds lent in using Kiva
  • 1.8
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Tamar to purchase tomato seeds.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 10, 2014
Listed
Jul 12, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 30, 2014