A loan of $3,000 helped to open a Georgian bread bakery.


Guliver's story

Guliver is 60-years-old man. He is married and lives with his large family in the Chkhorotsku district. He has wife, son, daughter-in-law and two grandchildren. Each member of the family gets monthly IDP assistance from the government institutions as they are persecuted. Guliver has requested loans from local financial institutions several times for family business start-up, but without any success. His loan requests were rejected all the time, because of low income and the family’s poor living conditions. The family has 2 hectares of agricultural land, where 1200 nut trees are grown. They sell the harvested nuts locally. According to Credo estimations, the family belongs to the subsistence poor category. His loan request was approved in the frames of 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 country rural poor, which do not have access to credit products, being regarded as “high risk borrowers” because of low income. With the requested loan, Guliver wants to open a Georgian bread bakery. He owns a commercial space and will buy all the needed equipment. Guliver will bake the Georgian bread himself. Guliver hopes the business will be profitable, as the location is very populous. The new business initiative, financed with the Kiva Start-up loan will significantly improve the living conditions of his family and Guliver will be able to provide for his children’s education in the future.



Loan details


Lenders and lending teams



Loan details