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Tinatin is 50 years old. She is from a small village of Akhmeta District, Eastern part of the country. Tinatin is married and lives with her family: husband Vazha and two daughters (13 and 9 years old). Both of her daughters go to school.

The only source of the income for the family is a milk cow. The family consumes about half of the dairy products and the rest is sold in the village. Tinatin mainly produces cheese and yogurt. The family's total average monthly income is 100 laris. They live below the poverty line and according to Credo estimations belong to the "vulnerable poor" category.

Tinatin requested credit for start-up of a pig farm. Her loan request was approved in the new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-start-up credits with soft conditions to the country rural poor, who do not have access to credit products since they are regarded as “high risk borrowers” due to their low income. With the received credit Tinatin will purchase 10 piglets. She will feed them for 8-9 months and sell most of the grown pigs for a higher price. She won’t sell all of the pigs, but will keep two pigs, which will provide on average 20 piglets per year. Tinatin and Vazha will sell piglets, mainly in their and nearby villages. As a result of the new business initiative, the income of the family will significantly increase and they will be able to combat their poverty. In addition, the Kiva start-up loan will allow the family to access regular credit products available on the country’s capital market in the future, in case of need.

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
  • 48
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Tinatin to purchase piglets.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 16, 2012
May 30, 2012
Currency Exchange Loss:
Jun 17, 2013