A loan of $800 helped to purchase clothing to resell.

Tamar's story

Tamar is 44 years old. She lives in the Kutaisi District of Georgia with her husband, their 2 children and her mother. Her mother is provided with a retirement pension. Tamar requested loan from local financial institutions several times for a family business start-up, but without any success. Her loan request was rejected because of low income and the family’s poor living conditions.

The only source of income for the family is Tamar’s salary working as a sales lady at a local grocery store. She only makes 300 Laris per month. It is hardly enough to supply food for the family. According to Credo estimations the family belongs to the subsistence poor category.

Tamar requested loan from Credo to start-up a family business. Her loan request was approved in the frames of new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to country rural poor, which do not have access to credit products, being regarded as “high risk borrowers” because of low income. With this loan Tamar will purchase clothing for resell. She plans to go to Turkey and buy clothing to resale in her village at a higher price. This will increase the income of her family. The new business initiative, financed with the Kiva Start-up loan will significantly improve the living conditions of the family.

Loan details

Lenders and lending teams

Loan details