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Tinatin is 24 years old. She lives in the Martvili district, West Georgia with her parents and siblings. Tinatin requested loans from local financial institutions several times for a family business start-up, but without any success. Her loan request was always rejected, because of her low income and her family’s poor living conditions.

The family is involved in a small-scale agricultural business. They run a family-owned dairy farm with two milk cows. Tinatin produces cheese and sells it in the village. In addition, they grow nuts and persimmons on the family-owned land. The family's average monthly income is 300 GEL ( Georgian Lari: 1 GEL = .60 USD). It is not enough to provide Tinatin and her family with adequate living conditions. According to Credo estimations, the family belongs to the subsistence poor category.

Tinatin has requested a loan from Credo to re-start her family business, which was stopped a couple of years ago because of financial problems. Her loan request was approved as part of a new joint initiative between Kiva and Credo. The start-up loan program provides credit for business start-up, and re-start-up with fewer conditions, to the country's rural poor. This population is often considered "high risk borrowers" because of low income, and they often do not have access to credit. With the credit, Tinatin will purchase chickens to start a poultry farm. She will place the chickens in a shed located in their yard, She will raise and sell the chickens for a higher price. The new business initiative, financed with the Kiva loan, will significantly improve the living conditions of the family.

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
  • 51
    View loans »
    Georgia Loans Fundraising
  • $8,637,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Tinatin to purchase chickens to start a poultry farm.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Sep 20, 2012
Sep 30, 2012
Currency Exchange Loss:
Nov 17, 2014