A loan of $5,000 helped to purchase sheep.


Tamazi's story

Tamazi, 32 years old, lives in the Kvareli District with his wife, Nato, and his infant daughter. Tamazi has requested a loan from local financial institutions several times for a family business start-up, but has had no success. His loan requests were always rejected because of low income and lack of experience in the new business, requirements usually demanded by local credit providers.

The family's main source of income is Tamazi's small earnings, working as a dentist in the nearby village. The family also owns a vineyard and sells grapes seasonally. Tamazi requested a loan from Credo to re-start the family business. His loan request was approved in the framework of a new joint initiative by Kiva and Credo. The start-up loan program envisages the provision of business start-up and re-startup credits with soft conditions to the country rural poor who do not have access to credit products, being regarded as “high risk borrowers” because of low income.

Tamazi will use this loan to purchase 50 sheep. The family will breed sheep and sell cheese and lambs at a good price, thereby increasing their income. The new business initiative, financed with the Kiva start-up loan, will significantly improve the family's living conditions.



Loan details


Lenders and lending teams



Loan details