A loan of $1,825 helped to purchase calves.


Tamaz's story

Tamaz is 44 years old. He lives in the Akhmeta District with wife Mariam and three children (12, 10 and 7 years old). All three children go to school. Tamaz requested a loan from local financial institutions several times for his agricultural business start-up, but without any success. His loan request was rejected all the time because of his low income and the family’s poor living conditions.

The only source of the income for the family is small-scale agricultural activities. They grow fruits and vegetables on a family-owned plot of the land and sell them at the local market. According to Credo estimations, the family belongs to the subsistence poor category.

Tamaz requested a loan from Credo to re-start livestock farming, which was stopped two years ago, because of the family’s financial problems. His loan request was approved in the frame of the new joint initiative of Kiva and Credo. The start-up loan program envisages provisions of business start-up and re-startup credits with soft conditions to country rural poor who do not have access to credit products, being regarded as “high risk borrowers” because of low income. With the loan, Tamaz will purchase calves. He will raise them and sell them after several months. The mature calves will be sold for a good price, bringing additional income to the family. With his next loan, Tamaz will purchase more calves. The new business initiative, financed with the Kiva Start-up loan, will significantly increase the income of the family. Their income will double and the family members will be able to improve their living conditions.



Loan details


Lenders and lending teams



Loan details