A loan of $2,200 helped to purchase a car for use as a taxi.


Temuri's story

Temuri lives in Ozurgeti District. He is 38 years old, married, and lives with his wife, mother, and three children who go to the local school. Temuri is, at the moment, unemployed. The only source for the family is agricultural land, where they grow nuts and maize. They sell the harvested products seasonally. Besides this, Temuri’s mother is involved in the trading business and sells gifts and toys in the local district. Temuri decided to start his business as their existing income isn’t enough for the family and their living conditions are poor. His loan request was approved in the frame of a new joint initiative with Kiva and Credo. The start-up loan program envisages the 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 and are regarded as “high risk borrowers” because of low income. With the received credit, Temuri will purchase a car and provide taxi services to local people. The family's income 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


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Loan details