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Tamaz is 35 years old. He is single and lives in a small village of Zeda Sakara with his parents who are provided with retirement pensions. Also, Tamaz’s mother gets a refugee pension from the local government. The family is involved in the agricultural business. They have a plot of land where maize is grown. In addition, the family members run a small dairy farm with a milk cow whose milk is used in cheese products. Tamaz sells the cheese and harvested products locally. In addition, he has a pig and sells piglets seasonally. Tamaz has requested credit for the construction of greenhouses. His loan request was approved in the frame of new joint initiative between Kiva and Credo. The start-up loan program envisages the provision of business start-up and re-start-up credits with soft conditions to the rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of their low income. With the received credit Tamaz will purchase materials to construct greenhouse on the family-owned land (iron pillars and polyethylene). He will grow different kinds of vegetables throughout the whole year. They will sell the harvested products on the local open market. The income of the family will significantly increase. They will be able to combat their poverty and in the future the family will have enough income to access regular credit products available on the country’s capital market, 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
  • 53
    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 $1,000 helped Tamaz to start up a greenhouse business.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Feb 16, 2013
Feb 23, 2013
Currency Exchange Loss:
Apr 16, 2014