A loan of $3,200 helped to buy a minibus in order to be able to trade potatoes and dairy products.


Tamaz's story

Tamaz, 37, lives in Kekhovani village, Adigeni district, with his wife Maia. Tamaz requested a loan from local financial institutions several times for family business startup, but without any success. His loan request was rejected every time, because of low income and the family’s poor living conditions.
The family's main source of the income is from agricultural activities. In particular, they own a plot of land, where potatoes are grown. They also have five milk cows and ten calves. The family milks the cows every day to produce dairy products. The harvested potatoes and dairy products are sold to local retailers.

Tamaz requested a loan from Credo to start up a family business. Tamaz has now been approved for a loan within the framework of the new joint initiative of Kiva and Credo. The startup loan program envisages provision of business startup 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 his credit, Tamaz will purchase a minibus. He wants to start trading with potatoes and dairy products. Also when his calves are grown, Tamaz will be able to produce more dairy products. As retailers are buying the products at a low cost, he wants to distribute his products to the villagers and at the local markets to sell at a good price. This will help him to earn more income for the family and improve their living conditions.



Loan details


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Loan details