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Tinatin is a 62-year-old retired woman. She lives in the Gori District with her 61-year-old husband. Tinatin has requested a loan from local financial institutions several times for a family business start-up, without success. Her loan request was rejected every time, because of low income and the family’s poor living conditions.

The family owns an agricultural plot of land where they grow maize, nuts, plums, tomatoes, and apples. The harvested fruits and vegetables are sold locally at the markets, providing a small income for living.

Tinatin 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. The start-up loan program has a provision for business start-up and re-startup with credits with soft conditions to country rural poor, who do not have access to credit products since they are regarded as “high risk borrowers” due to low income.

With the received credit, Tinatin will purchase a milk cow. She will milk the cow to make dairy and milk products which will be sold locally at the markets and significantly grow the family income.

In the future, Tinatin wants to reinvest profit in the same business to purchase more cows and develop her farming. This loan will give Tinatin and her husband a chance for better living conditions.

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
  • 48
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Tinatin to purchase a milk cow.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 13, 2013
Mar 17, 2013
Currency Exchange Loss:
Apr 16, 2014