A loan of $625 helped to purchase 40 chickens and maize seeds.

Tamar's story

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.

Loan details

Lenders and lending teams

Loan details