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Tamar is 42, and from the small village of Lanchkhuti district. She is married, and lives with her husband, five-year-old daughter, and her mother-in-law. Her mother-in-law has a retirement pension.

Tamar is very hard working woman. She has her own grocery shop and works there. In addition, she is involved in agricultural activities. Specifically, she has a plot of land where nut trees are grown. She sells the harvested nuts at local markets at a good price.

Tamar decided to start a dairy business with the loan, but the local credit providers usually demand experience and some stable income from the borrowers. Tamar’s credit requests were rejected several times, as she was unable to satisfy their requirements.

She received the credit in the framework of the joint initiative between Kiva and Credo - the Startup Program that gives rural poor people the chance to start or re-start businesses. With the loan of 4,000 Gel, she will purchase a milk cow and a stock of groceries for her shop.

When the milk cow is purchased, she will be able to produce dairy products and sell them at her shop. She will also purchase a wide range of products to satisfy her customer’s requirements. With this financial support Tamar will expand her grocery store, attract more customers, and expand the dairy farm.

She promises to make her repayments on time.

Additional Information

More information about this loan

This loan is part of Credo's startup loan program targeting particularly vulnerable clients who live at the subsistence level and have been unable to obtain credit due to lack of income from an existing business. This program offers them a longer repayment term and an annual interest rate that is 5% lower than the standard interest rate. By funding this loan, you are supporting a program that gives borrowers a second chance to start and grow small businesses. This has the potential to alleviate the effects of poverty, significantly improving borrowers' incomes and their families' quality of life. Learn more about Credo's startup loan program on the Kiva Blog.

About LLC Micro Finance Organization Credo

LLC Credo (Credo) is a microfinance organization in Georgia that provides sustainable credit services to alleviate poverty in rural areas, including business loans, agriculture loans, household loans, crop insurance and more. Kiva lenders’ funds are used to help the organization expand its outreach to even more entrepreneurs, farmers and households in remote areas.

About Georgia

  • $6,100
    Average annual income
  • 29
    View loans »
    Georgia Loans Fundraising
  • $8,567,900
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,425 helped Tamar to purchase a milk cow and groceries for her grocery shop.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jul 27, 2013
Aug 10, 2013
Currency Exchange Loss:
Jun 26, 2014