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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.

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
  • 45
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $4,200 helped Tamriko to cultivate more land and plant more fruits and vegetables.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
May 21, 2013
May 28, 2013
Currency Exchange Loss:
Aug 17, 2013