A loan of $1,225 helped to purchase a car for her husband to use as a taxi.


Tamara's story

Tamara lives in the village of Zeda Dagva. She is 55 years old, married and lives with her husband, Tamaz. The source of income for the family is an agricultural business. They have a small vineyard and a plot of land where citrus, nuts, and maize are grown. Tamara sells the harvested products at the local open market. Tamaz works as a watchman at the local school, and gets nearly $60 per month. Tamara and her husband decided to start a new business as their existing income wasn't enough for the family. Her loan request was approved in the frame of a new joint initiative between Kiva and Credo. The start-up loan program envisages the provisions of business start-up and re-startup credits with soft conditions to the country's rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of their low incomes. With the loan, Tamara will purchase a car and her husband will service the local people as a taxi driver. They also will use the car in trading, and save the transportation costs of their harvested products. The income of the family will increase, and they will be able to improve their living conditions. Along with the above-mentioned, the family will have enough income to access regular credit products available in the country’s capital market in case of need.



Loan details


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Loan details