A loan of $2,500 helped to purchase furniture for an apartment and rent it out.


Tamar's story

Tamar is 28 years old. She lives in the Kutaisi district, West Georgia, with her husband and retired mother in-law. Tamar requested a loan from local financial institutions several times for a family business start-up, but without any success. Her loan requests were rejected every time because of her low income and the family's poor living conditions.

Tamara's brother is working abroad and he is sending transfers to the family. Their additional income is Tamar's mother-in-law's monthly pension.

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 furniture for her newly renovated apartment and rent it out. The apartment that Tamar owns is in Batumi district. As Batumi district is very crowded with tourists Tamar will easily rent out her apartment at a good price. This will give her an opportunity to increase the family's income. The new business initiative, financed with the Kiva start-up loan, will significantly improve the living conditions of the family.



Loan details


Lenders and lending teams



Loan details