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Manana is 68 years old woman who lives in the Kaspi district, with her son and his family.

His grandsons work as security guards and daughter-in-law is a nurse at a local hospital.

Manana needs money to finish the building of her bakery, which she has started in their yard.

The Start Up program, a joint initiative with Kiva and Credo, enables Manana to get a loan of $1500. With the loan Manana will open her bakery and purchase the stock needed for baking Georgian bread. She plans to sell her bread locally.

Manana awaits your support.

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
  • 29
    View loans »
    Georgia Loans Fundraising
  • $8,567,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Manana to open a bakery.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Apr 11, 2014
May 10, 2014
Currency Exchange Loss:
Dec 4, 2014