Check out some available loans that are similar to this one!
Natia is a 35-year-old married woman who lives In Telavi, east Georgia with her husband and three children. She has her own business, selling some products from her house. Her husband works at a government institution, and his income is 400 Gel monthly. Nowadays the income isn’t enough for a big family, so she requested a loan.

The start up loan, which is a joint initiative between Kiva and Credo, enables her to get a loan of $ 2500 to open a bakery.

Natia decided to diversify her business and open a bakery, as she already has an oven. She finds it easy to get orders and bakes Georgian food, such as Khachapuri (cheese pie), etc.

She is a very hardworking woman, and she will do her best to improve family conditions.

Additional Information

More information about this loan

This loan is part of Credo's startup loan program targeting particularly vulnerable clients who live at the subsistence level and have been unable to obtain credit due to lack of income from an existing business. This program offers them a longer repayment term and an annual interest rate that is 5% lower than the standard interest rate. By funding this loan, you are supporting a program that gives borrowers a second chance to start and grow small businesses. This has the potential to alleviate the effects of poverty, significantly improving borrowers' incomes and their families' quality of life. Learn more about Credo's startup loan program on the Kiva Blog.

About LLC Micro Finance Organization Credo

LLC Credo (Credo) is a microfinance organization in Georgia that provides sustainable credit services to alleviate poverty in rural areas, including business loans, agriculture loans, household loans, crop insurance and more. Kiva lenders’ funds are used to help the organization expand its outreach to even more entrepreneurs, farmers and households in remote areas.

About Georgia

  • $6,100
    Average annual income
  • 50
    View loans »
    Georgia Loans Fundraising
  • $8,637,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Natia to open a bakery.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Nov 30, 2013
Dec 19, 2013
Currency Exchange Loss:
Jan 22, 2015