A loan of $1,525 helped to start up a bakery.


Ema's story

Ema, 31 years old, lives in the Mtskheta district with her husband, mother-in-law and two children, who go to the local school. The family earns income from their agricultural business. They have cows and sell the produced dairy products locally. Ema has requested a loan from local financial institutions on several occasions for a family business start-up, but she hasn't had any success. She wants to start her own bakery, but her loan requests have always been rejected because of her lack of experience, which is usually required by local credit providers.

Ema has now been approved for a loan within the framework of a new joint initiative through 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, Ema will start up her own bakery. She will bake traditional Georgian bread and sell it for a good price. She owns a commercial space in a profitable location and hopes her project will be profitable 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 Ema's family's living conditions.



Loan details


Lenders and lending teams



Loan details