A loan of $1,825 helped to purchase a milking cow, as well as clothing items to offer for sale.


Tamara's story

Tamara, age 25, is a maize farmer. She grows maize on a half hectare of agricultural land, then harvests and sells the produce locally. She lives in the small village of Lagodekhi District with her two daughters and grandmother, who is provided with a retirement pension. Their income barely provides enough for food for the family. According to Credo estimations, the family belongs to the subsistence poor category. Tamara would like to start up a family dairy farm business. She has requested loans from local financial institutions several times for family business start-up purposes, but without success. Her loan request was rejected each time because of her low income and the family’s poor living conditions. She has now requested a loan from Credo to start up the family business. She has been approved for a loan within the framework of the new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to rural poor people, who do not have access to credit products because they are perceived as “high risk borrowers” due to their low income. With the received credit, Tamara will purchase a milking cow. Once the milking cow is purchased, Tamara will produce dairy products to offer for sale. In an effort to earn additional income, she will also purchase clothing items to offer for sale. These investments will increase the income of her family. Tamara's new business initiatives, financed with the Kiva start-up loan, will significantly improve the living conditions of the family.



Loan details


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Loan details