A loan of $1,900 helped to expand his Georgian bakery and bake more bread.


Andro's story

Andro is 62 years old. He lives in Tskaltubo, with his wife, Tina. The family earns their income from a newly-started business in their local town. Andro has a bakery, where traditional Georgian breads are baked and sold locally. The income from this bakery is hardly enough to cover food and everyday expenses for the family. Andro has requested a loan from local financial institutions several times for developing the business, but he hasn't had any success. His loan request was rejected all the time because of his low income and his lack of experience, which is usually demanded by the local credit providers. Because his income is not enough for the family, Andro has decided to expand the existing business with the requested loan. His loan request was approved in the frame of the new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to rural poor people, who do not have access to credit products. These rural poor people are regarded as “high risk borrowers” because of their low income. With the received credit, Andro will expand his Georgian bakery and increase the amount of baked bread. This will increase sales volume. The new business initiative, financed with the Kiva start-up loan, will significantly improve the living conditions of Andro's family.



Loan details


Lenders and lending teams



Loan details