Total loan: $2,000
Kutaisi, Imereti, Georgia / Transportation
Koba's loan finished fundraising, but these other borrowers need your support
A loan helped to purchase a car and work as a taxi driver.
Koba is 26 years old. He lives in Kutaisi District, West Georgia with his wife and five-year- old daughter. Koba 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 his low income and the family’s poor living conditions. Nowadays the family is out of source of income. Koba requested a loan from Credo to start-up a family business. His loan request was approved in the framework of a new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-start-up credits with soft conditions to country rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of their low income. With the received credit, Koba will purchase a car and serve local people as a taxi driver. This will increase the income of the family. The new business initiative, financed with the Kiva start-up loan will significantly improve the living conditions of the family.