A loan of $2,000 helped to open a bakery.


Tamar's story

Tamar is a 43-year-old woman. She lives in the Kutaisi district, West Georgia with her 13-year-old daughter, who goes to school, and her 81-year-old grandmother, who is provided with a retirement pension.

Tamar has opened a clothes shop locally. However, as the income is not enough for the family, Tamar decided to open a bakery. She sought credit among local financial institutions but her attempts were unsuccessful because of her poor living conditions.

The startup program, that is joint initiative between Kiva and Credo, enables rural poor and inexperienced people to get a loan for starting or re-starting a business. Her application was approved under the framework of this program to get a loan of US$2000.

With the received credit she will open a bakery and bake Georgian bread. This will increase the income of her family and she will be able to improve the living conditions for her family.



Loan details


Lenders and lending teams




Loan details