A loan of $4,200 helped to cultivate more land and plant more fruits and vegetables.

Tamriko's story

Tamriko, 27 years old, lives in Kutaisi district with her son, who attends school. Tamriko requested loans from local financial institutions several times for a family business start-up, but without success, her requests repeatedly rejected because of low income and the family’s poor living conditions.

The only source of the income for the family is agriculture. Tamriko has a plot of land where she grows melons and watermelon, selling them to resellers and earning only a small monthly income that is rarely enough to cover monthly expenses.

Tamriko requested a loan from Credo to start a family business, a request approved within the framework of the new joint initiative of Kiva and Credo. The start-up loan program envisages the provision of business start-up and re-startup credits with soft conditions to rural poor people who do not have access to credit products. These rural poor people are regarded as “high risk borrowers” because of their low income.

With her loan, Tamriko will cultivate more land, plant more fruits and vegetables, pay workers and purchase seed. Later she will have a good harvest which will be sold to the resellers. Tamriko will thereby increase her profit and improve the family's living conditions.

Loan details

Lenders and lending teams

Loan details