A loan of $1,500 helped to purchase a car and start a local taxi service.


Zakaria's story

Zakaria is 48 years old and married to his wife, Liana. They live in Tbilisi, the capital city of Georgia. Liana works as a cleaner in a shop to earn a monthly income and Zakaria is currently unemployed. The family lives in poverty. According to Credo estimates, they belong to the vulnerable poor category. Zakaria decided to start a new business as their existing income isn’t enough for the family and their living conditions are poor.

Zakaria is requesting a loan under the framework of a new joint initiative between Kiva and Credo. This loan program envisions providing start-up and re-startup credits with soft conditions to the rural poor, who do not have access to many credit products as they are regarded as “high risk borrowers” because of low income. Zakaria will use his loan to purchase a car and start a local taxi service. He hopes his loan will increase his family's income and enable them to improve their living conditions. Zakaria's family will also have enough income to access regular credit products available in the country’s capital market.



Loan details


Lenders and lending teams



Loan details