Check out some available loans that are similar to this one!
Aleksandre
Aleksandre is a 26-year-old married man from the Gori district. He lives with his wife, an infant son, parents, and grandmother (who is on a pension). His wife is a sales lady at the local supermarket and Aleksandre and his father work as drivers at a local taxi company. Aleksandre decided to start his own business and requested a loan. The Start Up program, which is a joint initiative with Kiva and Credo, enables him to get a loan of $ 3,700 to purchase a secondhand car. After the car is purchased, he will serve local people as a taxi driver and will transport inter-city. Aleksandre is a highly motivated person who works overtime to generate more income. With increased income he will provide better living conditions to his family.

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.

Tags

About Georgia

  • $4,600
    Average annual income
  • 93
    View loans »
    Georgia Loans Fundraising
  • $7,578,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $3,700 helped Aleksandre to buy a car to start a taxi business.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 22, 2013
Listed
Dec 20, 2013
Currency Exchange Loss:
N/A
Expired:
Feb 18, 2014