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Tamar is 29 years old. She lives in Batumi city with her husband Amiran and their three children. The older one goes to school and the two younger ones are going to kindergarten. Tamar has requested a loan from local financial institutions several times for family business start-up, but without any success. Her loan request was rejected because of low income and the family’s poor living conditions.

Tamar and Amiran have a bakery. They distribute baked bread at the local shops and get a small monthly salary which is the only source of income for the family. According to Credo's estimations, the family belongs to the subsistence poor category.

Tamar has requested a loan from Credo to start-up a family business, Her loan request was approved in the framework of a new joint initiative between Kiva and Credo. Start-up loan program provides business start-up and re-startup credits with easy repayment conditions to country rural poor. They do not have access to credit products being regarded as “high risk borrowers” because of their low income.

With the received credit Tamar will rent a commercial space to open a fast food place and purchase all the needed equipment. Tamar and her husband are experienced in bakery business and they will both work hard to make their shop work. The new business initiative, financed with the Kiva Start-up loan will give them a chance to provide better living conditions for their children.

Additional Information

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
  • 40
    View loans »
    Georgia Loans Fundraising
  • $8,314,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Tamar to rent a commercial space to sell fast food.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Feb 25, 2013
Mar 5, 2013
Currency Exchange Loss:
Jun 17, 2014