Total loan: $2,000


Kutaisi, Imereti, Georgia / Retail

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A loan helped to start up a car parts store.

Emzar's story

Emzar is 59-year-old, living in small town called Kutaisi with his wife and a grown son. His wife stays home, taking care of her family. Emzar used to work in Law Enforcement Structures and has the pension from that institution. His son is a loader at the plumbing store and gets a small salary. Their total amount of monthly income is nearly $170, which is hardly enough to cover everyday expenses for a three-member family, So Emzar decided to start a business and increase the family income. As he lacks experience with the new business and does not qualify under income requirements, local credit providers rejected his loan request. It was approved under the framework of a new joint initiative between Kiva and Credo. This loan program provides start-up and re-startup credits with reduced requirements for the rural poor who do not have access to many credit products, as they are regarded as “high risk borrowers” because of low income. With the amount he is asking for, Emzar will start up a car parts store in his town and purchase merchandise such as engine oil, headlights, etc. He will offer the local drivers a wide assortment of products and work till late evening to sell many items. Emzar is very hard-working and the type of person who puts family first. This credit will be a great support for the family. Emzar is thankful to Kiva Lenders for giving him a chance to generate income.