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Tamaz is a farmer. He has two buffalos and uses them to cultivate his 0.6 hectares of land. On his land Tamaz grows walnut trees and kidney beans. The harvested products are sold. His family consists of his wife, two children and brother-in-law. Each adult in the family gets 52 GEL per month from the government for living under poverty.

As the income is not enough, Tamaz decided to start an additional business. The Start-Up program, which is a joint initiative between Kiva and Credo enables him to get a loan of 2,000 GEL to purchase a cow. His wife will milk the cow every day and will produce cheese to sell.

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
  • 42
    View loans »
    Georgia Loans Fundraising
  • $8,567,900
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD
A loan of $1,225 helped Tamaz to purchase a cow.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Aug 27, 2013
Sep 30, 2013
Currency Exchange Loss:
Oct 30, 2013