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Tamar is 24 years old. She lives in the village of Dzegvi, in the Mtskheta district of Georgia with her husband Robinzon and two infant children (1 and 2 years old). Tamar has requested loans from local financial institutions several times for family business start-up, but without any success. Her loan requests were rejected because of low income and the family’s poor living conditions.

Her husband Robinzon works at the local supermarket as a warehouse worker and receives a small monthly salary. This is the only income for the family and it’s not enough to feed them especially when there are two infants in the house.

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. The Start-up loan program provides business start-up and re-start credits with easy conditions to the country's rural poor. They do not have access to credit products as they are considered “high risk borrowers” because of low income.

With the received credit Tamar will purchase 40 chickens and maize seeds. Robinzon will plant the maize on the small agricultural plot of land that they own. Tamar will look after the chickens and sell the eggs along with the harvested maize among the villagers and at the local markets. With the profit from this Tamar will be able to look after her children better.

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
  • 28
    View loans »
    Georgia Loans Fundraising
  • $8,567,900
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Tamar to purchase 40 chickens and maize seeds.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 15, 2013
Apr 20, 2013
Currency Exchange Loss:
May 17, 2014