A loan of $2,400 helped to start up a grocery store.

Tamar's story

Tamar, 28, is single and lives with her parents and pensioner grandma in the town of Telavi in East Georgia. Tamar’s mother is a vegetable retailer and owns a stall in the capital city open market. Her father is an artisan and works on special orders. They earn a small monthly income.

Tamar stays home and takes care of her family, but she’s a very enthusiastic young woman and wants to generate her own income and help the family. The existing income, though, is not enough to cover everyday expenses So, Tamar decided to start up a grocery store but found that she didn't have enough money to do so.

Unfortunately, Tamar was unable to obtain a loan from an existing financial institutions, as they required a stable income and business experience as a precondition to a loan. But Tamar has now received her loan within the framework of a new joint initiative between Kiva and Credo. This start-up loan program provides start-up and re-start up loans with easy terms to the country's vulnerable poor who do not have access to credit.

With a loan of 2,400 USD Tamar will purchase groceries to stock the store. Tamar will care for her clients and treat them in a kind and friendly way. With this determination and her loan she expects to improve her income and give her family members better living conditions.

Loan details

Lenders and lending teams

Loan details