A loan of $625 helped to buy clothing and dishes to sell.


Tamar's story

Tamar is 42 years old. She lives in the small village of Martvili District with her four children. Several times, Tamar requested a loan from local financial institutions for a family business start-up, but without any success. Her loan request was rejected each time because of low income and her family’s poor living conditions. The only source of income for the family is from agricultural activities. In particular, Tamar has a milk cow, whose milk is used in cheese production. In addition, Tamar has a plot of agricultural land, where persimmon trees and nut trees are grown. The income is hardly enough for food for the family. According to Credo estimations, the family belongs to the 'subsistence poor' category. Tamar requested a loan from Credo for a start-up family business. Her loan request was approved in the framework of new joint initiative between Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credits, with soft conditions for the country's rural poor, who do not have access to credit products, being regarded as 'high risk borrowers' because of low income. With the received credit, Tamar will buy clothing and dishes to sell. Tamar plans to buy at wholesale prices and then resell at a higher price. This will increase the income of the family and she will improve living conditions for her children. 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