A loan of $3,000 helped to start up a grocery store.

Tamar's story

Tamar is 38 years old and married, from the village of Mejvriskhevi. She lives with her husband, two school-age children, and parents-in-law.

The family has income from its agricultural activities. Specifically, they grow various of fruits on family-owned land and sell the harvest at the local open market. The total amount of the monthly income is nearly $140, which is hardly enough for the family of six.

Given her situation, Tamar lacks the access to capital markets and financial institutions to obtain credit for starting a business, as they require stable income and business experience. The Start Up program created by Kiva and Credo enabled Tamar to get a loan of US$ 3,000 and start a retail business. She will purchase all the needed construction materials to build a store and buy a stock of merchandise, such as groceries.

Tamar will start up a grocery store. She thinks that the business will be profitable, as it is in a great location and the only business of this kind in the area. After the store is opened, the family will have a stable income that will enable it to cover everyday costs as well as expand the business in future.

With support of the Start Up program, Tamar will get an opportunity to be involved in her own business and tackle her financial difficulties.

Loan details

Lenders and lending teams

Loan details