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Tamaz is a 57-year-old, married man. He lives with his wife, two children, and mother in a small village of the Martvili district. His mother is provided with a retirement pension.

Tamaz is actively involved in agricultural activities. In particular, he has two cows, a calf, and a pig. His wife milks the cows every day and produces dairy products to sell. In addition, Tamaz has nut trees and 0.3 hectares of land where maize is grown. He sells the harvested products to local retailers at a good price.

Tamaz decided to start a new business and requested a loan. The start-up program, which is a joint initiative between Kiva and Credo, enables him to get a loan of GEL 1,000 to start a new business. He will begin to locally trade in meat and fish. This will increase his income and, after that, he will be able to improve the living conditions of his family.

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
  • 45
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Tamaz to begin trade in meat and fish.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Aug 27, 2013
Oct 2, 2013
Currency Exchange Loss:
Apr 16, 2014