A loan of $600 helped to add draft beer equipment, chairs and tables, to his cafe.


Demur's story

Demur is 48 years old. He lives alone in the capital city of Georgia, Tbilisi. Demur requested a loan from local financial institutions several times for a family business start-up, but without any success. His loan request was rejected all the time, because of low income and poor living conditions. The only source of income for Demur is his bakery. He bakes there different types of pastries, and he earns a small daily income.

Demur requested a loan from Credo, to start up a family business. Demur 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 restart-up credits, with soft conditions, to rural poor people who do not have access to other credit products. These rural poor people are regarded as “high risk borrowers” because of their low income.

With his credit Demur will purchase draft beer equipment, chairs and tables. He sells cold drinks from his bakery, and now he wants to add beer to the products he offers. After purchasing tables and chairs, and obtaining the capacity to serve draft beer, Demur will attracted many more customers. This will significantly increase the sales, and Demur will earn a good profit. With the increased profit, he will be able to expand his business and improve his living conditions.



Loan details


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Loan details