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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.

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
  • 49
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Tamar to start up a grocery store.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Aug 15, 2013
Sep 17, 2013
Currency Exchange Loss:
Feb 17, 2015