A loan of $1,300 helped to start up a confectionery.


Nona's story

Nona is 23 years old. She lives in a suburb of the capital city with her husband, parents-in-law and two infant children. Nona works as a baker at a bakery and her mother-in-law is a cook. Both family members get a monthly salary. Nona has requested a loan from local financial institutions several times for a family business start-up, but she hasn't had any success. She wants to start a bakery and a confectionery, but her loan request has always been rejected in the past because of her lack of experience, which is usually required by local credit providers. Nona has now been approved for a loan within the framework 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 her credit, Nona will start up her own confectionery shop. She will renovate the rented store, purchase stock and equipment for baking and bake different kinds of cakes and cookies. Nona hopes her project will be profitable as she already has the baking experience and will offer quality products to her customers. This will increase her sales volume. The new business initiative, financed with the Kiva start-up loan, will significantly improve the living conditions of her family.



Loan details


Lenders and lending teams



Loan details