A loan of $1,800 helped to renovate the house so that it can be rented out.


Tamar's story

Tamar is 62 years old and lives in the littoral town of Kobuleti. She is unmarried, retired and lives with her sister. Tamar owns commercial space and a flat in Kobuleti and rents them. The rent is source of income for Tamar and her sister. Tamar wants to supplement her family's income by renovating her second house so she can rent it out seasonally. Summertime is the high season in Kobuleti and several people have already expressed an interest in living there, but she has been unable to get a loan from several local financial institutions to pay for renovations. That is why she is requesting a loan from Kiva and Credo, which help people who do not qualify for conventional loans. She will use the loan to buy the materials she needs to renovate her house. Tamar hopes that renting out the rooms will be profitable and increase her income so that she and her sister can improve their standard of living.



Loan details


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Loan details