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Tamar, age 36, is from the village of Vakijvari where she lives with her husband and two school-age sons. She is actively involved in an agricultural business and runs a dairy farm with one milk cow. Tamar produces cheese with the received milk for selling as well as for family consumption. In addition, Tamar and her husband-David grow nuts and maize on family-owned land and sell the harvest seasonally. David works as a watchman at the local fish farm and gets a small monthly salary (approximately $120).

In order to meet her increasing family expenses, Tamar decided to start her own business. Tamar has noticed a high demand for used clothing in the market as local people can’t afford to buy new clothing due to their poverty. In response to the local market demand, she has requested a loan to purchase stock of used clothing to sell among her community members with a price mark-up. She plans to invest the profit in the same business and develop it in the future. Tamar hopes this loan will change her life.

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
  • 40
    View loans »
    Georgia Loans Fundraising
  • $8,314,800
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,125 helped Tamar to purchase used clothing for resale.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Sep 28, 2013
Oct 27, 2013
Currency Exchange Loss:
Jun 17, 2015