A loan of $3,000 helped to purchase a car for her son to use as a taxi.

Ketevan's story

Ketevan lives in Kutaisi District. She is 53 years old and a widow. She lives with her grown son. Ketevan is unemployed at the moment. The source of income for the family is the rental fee from the family-owned flat. Besides this, Ketevan’s son works as a guide at the tourist agency and gets a small monthly salary.

Ketevan and her son decided to start their business as their existing income wasn't enough for the family, and their living conditions are poor. Her loan request was approved in the frame of a new joint initiative of Kiva and Credo. The start-up loan program envisages the provisions of business start-up and re-startup credits with soft conditions to the country's rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of their low incomes.

With the received credit, Ketevan will purchase a car, and her son will serve the local people as a taxi driver. The income of the family will increase, and they will be able to improve the living conditions of the family. Along with the above mentioned, the family will have enough income to access regular credit products available in the country’s capital market in case of need.

Loan details

Lenders and lending teams

Loan details