A loan of $800 helped to purchase more stock of dishes for resale.


Tamar's story

Tamar is 24 years old. She is married and lives with her 26-year-old husband and 4-year-old daughter in Akhaltsikhe district. Tamar requested loan from local financial institutions several times for family business start-up, but without any success. Her loan request was rejected all the time, because of low income and her family’s poor living conditions.

The main source of the income for the family is from trading. Tamar sells dishes and her husband sells fruit and vegetables. Tamar is purchasing dishes from the local market in the capital city at the wholesale price and sells with a price markup among the villagers. They both earn small monthly incomes, which are barely enough to cover all the household expenses.

Tamar requested a loan from Credo to start-up a family business. Tamar has now 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. These rural poor people are regarded as “high risk borrowers” because of their low income.

With her credit Tamar will purchase more stock of dishes for resale. As she will have a bigger stock of dishes Tamara will not have to travel to the capital city so often. This will significantly decrease her expenses and increase the profit. The new business initiative, financed with the Kiva Start-up loan, will significantly improve the living conditions of the family.



Loan details


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Loan details