A loan of $2,000 helped to purchase a car to use as a taxi.

Vazha's story

Vazha, 62, lives in Lagodekhi District with his wife and grown son. In fact, there is no source of income in the family at the moment as all of the family members are unemployed. Vazha used to have a car and served the local people as a taxi driver but his business has recently stopped, and because of financial problems, he sold the car.

He decided to re-start his business because his family's living conditions are poor. Vazha’s loan request was approved as part of a new joint initiative between Kiva and Credo. This start-up loan program aims to provide business start-up and re-startup loans with more favorable conditions to the rural poor, who do not have access to standard credit, being regarded as 'high-risk borrowers' because of their low income. With this loan, Vazha will purchase a car and offer a service to local people as a taxi driver. The income of the family will increase and they will be able to improve their living conditions. The family will also have enough income to use the usual sources of credit in the country should they need to do so.

Loan details

Lenders and lending teams

Loan details