Funded

Total loan: $2,600
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George


A loan of $2,600 helped to purchase a car to use as a taxi.


George's story

George lives in the town of Rustavi. He is 40 years old, married, and lives with his wife and two children, who are 8 and 12 years old. The children go to the local school. George works as the driver of a government-owned mini-bus and earns a monthly income. He decided to start his own business as his existing income isn’t enough for the four-member family. His loan request was approved in the frame of a new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and restartup credits with soft conditions to country rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of low income. With the received credit, George will purchase a car and serve 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, if needed.



Loan details

Loan length:

26 months
Disbursed date: January 9, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo

Lenders and lending teams



Loan details

Loan length:

26 months
Disbursed date: January 9, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo