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Total loan: $1,000
Khutsubani, Guria, Georgia / Transportation
Flag of Georgia
Aslan's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to purchase a mini-bus and start working on a bus line.
Aslan, who is a 43-year-old man, lives in the village of Khutsubani. He has pensioner parents, a wife, a daughter and a son. His children are temporarily unemployed and the only source of income for this six-members family is from agricultural activity. Aslan and his wife work on family-owned land, where they cultivate nuts and mandarins. They use the harvested products for local trading. Also, the family owns one cattle and milking cow and uses its products for feeding the family and also for local trading. Consequently, Aslan generates seasonal income and has a great desire to do more stable business activities on his own. That's why he requested a loan to local financial institutions for starting to work on a bus line. His loan request was approved in the framework of a new joint initiative of Kiva and Credo. The start-up loan program makes possible provision of business start-up and re-startup credits with soft conditions to the rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of low income. With the received credit, Aslan plans to buy a mini-bus and start serving local people. This new business initiative, financed with a Kiva start-up loan, will significantly increase the income of the family. Their income will double and the family members will be able to improve their living condition.