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Natia, who is a 30-year-old married woman, lives in Gurjaani district. She has a husband, son, and grandmother, who gets monthly assistance from local government.

Natia and her husband both are employed in private companies and generate fixed salaries. In order to make her activity more productive Natia decided to start her own business and requested a loan. Her application was approved with the joint initiative between Kiva and Credo, the start-up program that gives people a chance to start or re-start businesses.

So she decided to open a bakery with the requested money. Natia will purchase all merchandise and food products and will start to bake many kinds of cakes and will sell locally at a good price. Natia will have her own customers, will sell cakes from her house, and also will deliver her products to the local stores.

This new business will give her a chance to achieve financial stability, more easily meet daily expenses, and make a better future for her son. Natia will accumulate savings and will be grateful for your help.

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
  • 37
    View loans »
    Georgia Loans Fundraising
  • $7,802,825
    Funds lent in using Kiva
  • 1.8
    Georgia Lari (GEL) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,700 helped Natia to purchase merchandise and food products and open a bakery.
41% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
May 31, 2014
Jul 5, 2014
Currency Exchange Loss: